PRE MARKET
Said it all past few days on market. Really speaks for itself now. Hope you listened.
Futures flattish. Price is waaaaay stretched and extended to the downside. Bearishness has picked up markedly but oversold becomes more oversold.
The main problem now is Jay Powell does not have the foggiest clue that the best economist in the world is the market itself…and the market is yelling and screaming trouble ahead. We told you week’s ago that the norm going forward would be continued lowered expectations of everything. We are seeing it in droves yet Mr Powell said 2019 looks fine.
National debt is 21.4 trillion dollars and they squabble over 5 billion dollars for a wall.