Big moves today on more negative Trump news… Will it stick this time?
The US equity markets are on track for the worst day in 8 months. All these moves are on the back of more negative news focused on Trump. Gold and treasuries are also getting a buy while the USD is continuing it’s downtrend. Chris Temple joins me to discuss the broad moves and if this move down is going to pick up steam or become another buying opportunity.
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Better call up……GLEN D.
Yeah, is Glenn on call and does he make house calls?
It looked to me like Trump was playing ball with the deep state swamp creatures but maybe it was not enough. I am sure they would prefer a President Pence…just something to think about….maybe that would make you pensive.
After Pense meet your next prez…straight out of Idiocracy.
http://www.thewrap.com/the-rock-is-already-leading-trump-in-the-2020-presidential-race/
The “ROCK” , better keep his day job………
you are to preoccupied …..to be really pensive…..with Pense
I thought this was a PM site………steam needs to come off the stock mkt. Nothing good about a manipulated , front running market ran by one person….JMHO
Jack Welsh….out with comments on impeachment ……”would blow the markets away” …zh
As of yesterday, the Dollar Index has broken all topside support levels, and has completed 100% ABCs down, which average about 97.50. It is now in the fibo support range from its bottom of 91.92 a year ago.
epstein morning TA
Senate Judiciary committee …….wants Comey’s memos on everyone, obama, yates, lynch, trump,.etc.
the kitchen is going to get hot…………
They found the leaks…
http://gizmodo.com/any-half-decent-hacker-could-break-into-mar-a-lago-we-1795276155
Miner’s acting very very weak with gold up $22 and GCC up too. Just cannot fathom the early May low was anything other than a tradeable bottom.
How long has it been since the HUI rallied for a sustained period without the DoW also rallying? 30-40 years? The fact is, every major rally in the miners has coincided with rallies in the US markets. That’s why shorting miners is the perfect hedge against long positions in bullion and US stocks. The conditions for them to rally are extremely rare.
Actually, between April 2002 and July 2002, the HUI advanced 20% while the Dow dropped about 25%.
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&st=2000-11-15&en=2002-07-22&id=p76252363103&a=376513785
Over the entirety of that chart, you can see that the HUI went up almost 4.5-fold while the Dow lost 27%.
What could possibly go wrong?
https://www.wsj.com/articles/u-s-household-debts-hit-record-high-in-first-quarter-1495033206
Chris sees a lot, and thinks well. Thanks Cory.
Reading the news and monitoring US politics lately is like watching monkeys in a cage fling poo at each other. With the players involved, it feels hopeless…..
We posted…….earlier couple of repub……WALTER JONES(R) SC ….joining with Dems on impeachment talks.