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Gap to the upside on fake news yesterday and gap to the upside on the same fake news today. The White House never spoke to China. But we don care when we scan…we do not rationalize. Two gaps get a bunch of Friday back but major indices remain range-bound with the average stock much worse…

—-Greetings from Kotor, Montenegro…and may we say…spectacular!—- —–This is a fair assessment of the facts starting with July 31.—- —-On July 31, all was calm. The big 4 indices were near their all time highs. The fed was back in easing mode. Central banks around the globe were in serious easing mode. The internals of…

Futures reverse down as China puts tariffs on the U.S. in a retaliatory measure. Powell yaps today. Thrilled yet that we cannot have a day with central bank or trade noise? Our stance remains…China is a bad player but this administration has read China all wrong. They are not lying down and are not going…

Good day yesterday but after scanning 1500 names, 200 sectors, every country…any rally continues to be narrow in that there is just not a lot of leadership. To sustain rallies, you need to be more broad based. So…let’s hope this narrowness changes. SOFTWARE had a great day as a few names edged out of range…

Market sells into close yesterday. Gets it back on a gap today. Germany sells 30 year bonds negative…economy contracting…market up. Central banks in hyper-drive now lowering rates and the president calling for more printing of money here after railing against Obama and Bernanke for their easy money. TGT with the big gap on strong numbers….