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The US Political Saga And The Markets

The US Political Saga And The Markets

John Rubino shares his thoughts on the ongoing political saga as trade wars dominate the headlines. We also discuss Fed Chairman Powell’s first live meeting and how the Fed wanting stable markets but Trump continuing to throw them into turmoil. (Audio length 00:17:16)
Market Talk – Monday, March 26

Market Talk – Monday, March 26

Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the […]
Bouncing Toward The Gap And MA

Bouncing Toward The Gap And MA

As you might guess, today (Monday) was pretty much the opposite of last Friday for me. Friday was awesome. Today sucked. But as a swing trader, I’m not going to cover all my positions willy-nilly. As I so often say, the individual stops need to take care of themselves. As such, I’ve retreated from 71 positions down to 61. Of those, 51 remain […]
Cooling Trade Tensions Push Stock Markets Higher

Cooling Trade Tensions Push Stock Markets Higher

Stock markets were up higher in Monday’s pre-hour trading after a disastrous performance last week. The S&P 500 gained 50 points, or 1.9% to 2,637. The Nasdaq Composite Index climbed to 7,136 after gaining 144 points, or 2.1%. The Dow gained 494 points, or 2% to 23,959. The performance of the three indices last week was […]
Bullish Watch-List For The Bounce And Holiday Week

Bullish Watch-List For The Bounce And Holiday Week

Ideally, I would have preferred to of opened lower this morning and then rallied hard off the lows.  But such was not the case as the market has been rallying since the futures opened up last night.  I came into the day 100% cash.  My goal was to get long, fast. I did that. But […]
2nd Half Of 2018 Should See An Economic Rebound

2nd Half Of 2018 Should See An Economic Rebound

GDP Growth Is Probably Weak In Q1 It appears by most accounts Q1 2018 won’t be a great quarter for GDP growth. Keep in mind, the expectations have been high because of the tax cut and subsequent fiscal spending increase. The latest $1.3 trillion budget, which was passed on Friday, has an $80 billion increase in […]
S&P 500 Average Daily Change Ticking Up Towards 1%

S&P 500 Average Daily Change Ticking Up Towards 1%

In case you haven’t noticed the pick-up in market volatility lately, the chart below does a good job of highlighting it.In the chart, we show the average absolute daily change that the S&P 500 has experienced over the last 50 trading days. As shown, after hitting a multi-decade low of just +/-0.22% in mid-November 2017, […]
Weak Eurozone And US Economic Data For Q1

Weak Eurozone And US Economic Data For Q1

With all the potential trade war talk it is important to not miss the recent data out of the Eurozone and upcoming Q1 numbers from the US. Marc Chandler, Head of Global Currency Strategy at Brown Brothers Harriman points out that Q1 is looking like another slow start to the year. Forecasts for Q1 GDP […]
PetroYuan Is A Huge US Success Story, Not A Chinese One

PetroYuan Is A Huge US Success Story, Not A Chinese One

Ignore the hype about the death of the dollar and currency whales. The PetroYuan is a US success story. Bloomberg reports As Trade War Heats Up, Biggest Currency Whales Make Their Move. “A lot of countries around the world are turning to Europe for increased partnership in trade,’’ said Jens Nordvig, who was Wall Street’s top-ranked […]
Apple Has Plenty To Lose In Potential Trade War With China

Apple Has Plenty To Lose In Potential Trade War With China

from Statista.com — this post authored by Felix Richter Having announced tariffs on steel and aluminum imports, the Trump administration is reportedly getting ready to has hit China with more tariffs in response to the country’s alleged intellectual property theft. According to people familiar with the matter cited by Reuters, Trump aims to impose tariffs on Chinese goods worth […]