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Mnuchin was talking this week about the debt ceiling. Much ado about nothing. Don’t worry! All’s well. Sure! All’s well! We’ll just raise the debt ceiling again. Federal Spending Year 2000- $1.789 trillion Year 2008- $2.982 trillion Year 2016- $3.951 trillion Year 2021 estimate- $5.124 trillion…yup, headed for $5.124 trillion Total federal debt outstanding Year…

SOURCE:  https://www.wsj.com/article_email/gymboree-files-chapter-11-cfo-leaves-1497268737-lMyQjAxMTI3NzE3MzcxMzMxWj/

SOURCE: https://garykaltbaum.com/the-scam-and-the-con-called-bernie-sanders-2/

So far, this reaction to the downside in glamour-types have a ton of names taken down to their 10 week/50 day moving averages…and holding for now. Others (the real strong names) did not even get close. Is it possible this was just a big scare down to moving averages off of extended conditions? Sure…but let’s…

In a repeat of late Friday, NASDAQ futures down nicely while S&P hardly budged. As we stated Friday, there is a decent chance a chance we have a change of complexion in the market. Yes…it is only one day but it was a loud day volume-wise. We will need to see some more cards come…

      “CHANGING OF THE GUARD?” By Gary Kaltbaum- June 12, 2017 ~When it comes to markets, our favorite line is “when things change, we will let you know!” There are times where the changes are subtle and there are the times the changes smack you right in the face. Maybe, possibly, could be, we got…

Maybe…possibly…could be a changing of the guard. One day doesn’t mean much but when an area gets so extended with nary a correction, when all the money goes to one side of the trade and when it gets talked about and talked about, one must be on the lookout. As we write this, the Dow…