PRE MARKET
Market sells into close yesterday. Gets it back on a gap today.
Germany sells 30 year bonds negative…economy contracting…market up.
Central banks in hyper-drive now lowering rates and the president calling for more printing of money here after railing against Obama and Bernanke for their easy money.
TGT with the big gap on strong numbers. LOW with the strong gap on crappy numbers…on top of HD doing the same yesterday.
The past two weeks lows continue to hold. A break sends another stair step to the downside. No break today.
Fed minutes today to tell us what they thought weeks ago and Powell yapping at the end of the week.
Instead of tariffs, what do you propose to deal with China’s continuing, long-term theft of our intellectual property?