Quiet day yesterday but do not forget, Powell now performing QE at $60 billion/month. Markets have loved this for 10 years so we are on the balls of our feet. BUT…we are now in earnings season. Pay attention to the reactions, less the words. Estimates are for earnings to be down year over year so…
SOURCE: https://archives.warpradio.com/btr/investorsedge/101419_18.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/101119_18.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/101019_18.mp3
—Despite major indices still range-bound…despite the internals nowhere near the strength of the big 4 indices…despite the clear lack of leadership…despite the clear lack of new yearly highs….”QE BUT DON’T CALL IT QE” is here. We are calling it “QE BUT DON’T CALL IT QE” because that is what Jay Powell told us. “DO NOT…
Markets up over 1% because the prez says deal talks going “very well!” But he has used those words 100 times in the past 18 months. The difference? Elections matter and we are getting closer. But add in: We are calling it “QE BUT DON’T CALL IT QE!” At least, that’s what the easy money,…
Source: https://archives.warpradio.com/btr/investorsedge/100919_18.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/100819_18.mp3
Futures down decently after markets moved all over the map yesterday off of fake China news. The outcome was a sell off into the close. And now not so good news on China this morning BUT… Regardless, internals remain way worse than the indices. NEW YEARLY HIGHS? What new highs? Leadership? Utilities, reits, housing, a…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100719_18.mp3
