Futures up a wee bit after a nauseating Thursday.
We shall see how the day goes but yesterday, a bunch of stuff moved into or below shorter-term support. Not sure this is good news.
We would like to put a good spin on things but:
Oil prices melted down yesterday. This will be good news at the pump but one has to wonder what it signifies.
Ditto for the 10 year yield going below 2.3% though it has bounced above this morning.
Continued confusion out of DC. We can spend an hour on this one but here is just a couple:
The president’s tariffs causes pain for farmers. The president then uses the taxpayer to pay off the farmers. Imagine what Republicans would be saying if Obama did this.
Yesterday…the president says he has a meeting with China’s Xi at the G-20. This morning…the president does not have a meeting with Xi.
Nancy Pelosi…well anything out of the left’s mouths is confusing. But imagine, she all but said the president is mentally ill. Do you know what is ill? When Pelosi got to DC, our debt was basically $0. It is now $22 trillion. That is ill.
OK…we are done. Just remember why Monday is a holiday.