Market Look

The fake jobs report better than expected so rates backing up decently today…calling into question how much rate cutting will be done…hitting markets in the pre-market. The 10 year has backed up 0.86 to 2.039…still ridiculously low. GOLD sinking on this news. Instead of being long winded…we’ll just end it here and send you full…

This is not to throw cold water on yesterday’s gap…and the fact is it could have been worse as the Dow almost got close to break even…just letting you know to cool your jets. GOLD and GOLD stocks are indeed pulling back but rather harshly yesterday. Unsure right here. Thought the breakout was meaningful and…

The big story will be the G-20 meetings and all the trade stuff. We’ll know a lot more over the weekend. FINANCIALS gap up this morning as EVERYONE beats the fake stress tests. This enables these financials to raise dividends and buy back more stock. GOLD still in bullish pullback. As we stated a few…

Tough day yesterday. Futures flat and then Mnuchin said some bs on China…same bs he has said a dozen times…but now the prez doing interview and is all over the map. Futures coming in. I am speechless. Go to my twitter feed and you will see all my sarcasm. Very tough to watch. Since you’re…

ABBV buying AGN. GOLD again with the little gap up. As we stated, we think the move is real but wait for pullbacks…which have not happened yet. Seeing a bunch of distribution in growth names as a few breaking the 50 day and a few bigger leaders like SHOP, TTD hitting near term highs. SMALL…