Market Look

So Bernie goes one up on Elizabeth. On his twitter feed, he writes: ” There should be no billionaires. We are going to tax their extreme wealth and invest in working people.” He then proposes this YEARLY wealth confiscation: 1% above $32 mil 2% $50 mil-$250 mil 3% $250 mil-$500 mil 4% $500 mil-$1 bil 5%…

Futures up just because….oh yeah, the administration took back what they said about China on Friday…just dont blink. It is the end of quarter window dressing period where typically, nothing bad happens. Of course, window dressing is illegal so it does not happen. The big 4 indices continue to trace out constructive patterns. Just need…

Futures down this morning but not much. A few notes: GOLD/SILVER look like they have found support off the recent pullback. Would love to see some time put in at or near these levels. BONDS bottomed recently after some corrective work. Lower yields on the long end have not been received well by the market…so…

U.S. ECB JAPAN ENGLAND DENMARK AUSTRALIA RUSSIA BRAZIL INDIA CHINA HONG KONG THAILAND MEXICO PHILIPPINES TURKEY SOUTH AFRICA INDONESIA KOREA All are easing…with a bunch with negative rates. Not only do we have full employment but we are NOT in recession yet we are still easing and amazingly, “MAY RESUME ORGANIC BALANCE SHEET GROWTH EARLIER…

Futures down a wee bit. Considering FDX down $19 and ADBE down $9…that’s not bad. Blah blah blah the fed today. Blah blah blah easier money…blah blah blah. The OIL gap on Saudi news quickly unwinds.