No Logic to How Market Swings Affect Individual Stocks

By Steve Dinnen

online pharmacy purchase amitriptyline online no prescription
buy amitriptyline online amitriptyline online no prescription
Signature Bank is a commercial bank based in New York that has been a solid performer, and I’m glad to own shares. But I got a little jolt on March 1 when the stock fell 8.9% for the day. That’s a big move. There was no earnings announcement, no earnings guidance, no ratings change—nothing to readily explain why that happened. Then from March 5 to March 7 it shed another 8.9%.

Just yesterday it climbed back 8.6%. That was nice. But why? Because these are volatile times for the market, a hallmark of geopolitical unrest. The market reacts to invasions, or thoughts of invasions, or thoughts of retrenchment, in outsized ways that drag along a lot of players. Ditto for interest rates and inflation (and Wednesday’s interest rate bump by the Fed).

On average, the market rises or falls less than 1% 70% of the time. A 2% up-down move happens 20% of the time, and 3% or more, 10%. But that’s the average of all the individual stocks. Yesterday, when the Dow rose 1.55%, my Ford shares added 3.24%. TradeDesk jumped 11.96% and Doordash a whopping 13.45%. Exxon shed 0.38%.

Welcome to the new world order. For the time being, anyway.

online pharmacy purchase priligy without prescription with best prices today in the USA
online pharmacy biaxin no prescription with best prices today in the USA
online pharmacy actos with best prices today in the USA

You May Also Like

Susan Hatten: Giving Her Time, Treasure, Talents

Writer: Steve Dinnen Susan Hatten has built a solid upward-reaching career path on two ...

Our globe-trotting greenbacks

By Steve Dinnen I like greenbacks. So does Zimbabwe, which demanded $30 worth of ...

What Personal Rules Guide Your Investing Strategy?

Writer: Steve Dinnen  online pharmacy buy augmentin online no prescription pharmacy There are rules ...