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…
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…
http://www.foxbusiness.com/economy-policy/2015/08/20/marco-rubio-unveils-economic-plan-in-detroit/?intcmp=bigtopmarketfeaturesside
http://www.wsj.com/articles/u-k-to-send-police-officers-to-calais-to-combat-illegal-migrants-1440076827
http://www.foxbusiness.com/business-leaders/2015/08/20/donald-trump-vladimir-putin-can-be-dealt-with/?intcmp=marketfeatures
http://www.wsj.com/articles/greek-prime-minister-alexis-tsipras-expected-to-announce-whether-greece-will-go-to-elections-1440077601
http://www.bloomberg.com/news/articles/2015-08-20/yellen-s-learned-these-five-things-about-the-economy-since-july
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
