Short note on market!
Hey, how’s your day? Writing this from Orlando, Florida. Was supposed to be in NYC this morning but after a 6 hour delay and cancellation city, enough was enough. Just letting you know, markets are about as extended to the downside and oversold as they get on a short-term basis…but only on a short term…
THE FORK
Absent a complete 180 by the Fed in where Janet Yellen announces another round of QE (not out of the question), the classic topping process we have been writing to you about all year long looks to be now completing itself as whatever has been holding up the major indices finally have topped. Very simply, commodities…
Marco Rubio Unveils Economic Plan in Detroit
http://www.foxbusiness.com/economy-policy/2015/08/20/marco-rubio-unveils-economic-plan-in-detroit/?intcmp=bigtopmarketfeaturesside
U.K., France Agree Deal To Combat Illegal Migrants
http://www.wsj.com/articles/u-k-to-send-police-officers-to-calais-to-combat-illegal-migrants-1440076827
Donald Trump: Vladimir Putin Can Be Dealt With
http://www.foxbusiness.com/business-leaders/2015/08/20/donald-trump-vladimir-putin-can-be-dealt-with/?intcmp=marketfeatures
Greek Premier Resigns, Clearing Way for Snap Elections
http://www.wsj.com/articles/greek-prime-minister-alexis-tsipras-expected-to-announce-whether-greece-will-go-to-elections-1440077601
Yellen’s Learned These Five Things About the Economy Since July
http://www.bloomberg.com/news/articles/2015-08-20/yellen-s-learned-these-five-things-about-the-economy-since-july
Required Reading Of The Day
Dow Drops 300 Points on Global-Growth Worries Oil Prices Up Ahead of Hurricane Season As Crude Drops More, Invest in Energy Names Back to School: Yardstick for Key Holiday Season The Battle Shaping Global Markets
Investor’s Edge: 08/20/2015
Investor’s Edge: 08/20/2015