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Market throws a tantrum after hawkish FED disappoints, Trade talks collapse


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#11 dTraderB

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Posted 01 August 2019 - 06:02 AM

Holger Zschaepitz @Schuldensuehner
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It took only 2 words for Powell to bring mkts into turbulences. Fed chair characterizes cut as mid-cycle adjustment & signalling reduced odds for further cuts. Maybe Powell speaks so different than Yellen & Bernanke, b/c he is not an economist. https://www.welt.de/finanzen/article197770487/US-Geldpolitk-Mit-nur-zwei-Worten-frustriert-Fed-Chef-Powell-die-Maerkte-zutiefst.html?wtmc=socialmedia.twitter.shared.web  via @welt

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11:44 PM - 31 Jul 2019

 



#12 dTraderB

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Posted 01 August 2019 - 06:06 AM

The Conscience of Powell & the FED could not stomach massive rate cutting in the midst of a strong economy, record equity, and the era of negative rates that is upon us. Besides being judged harshly by history, it would have been a dangerous policy that could have exploded in their faces

 

Holger Zschaepitz @Schuldensuehner
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Powell suggests Fed is embarking on 1990s-style mini easing cycle. Markets had rather the beginning of a lengthy cutting cycle in mind. https://www.bloomberg.com/news/articles/2019-08-01/powell-suggests-fed-embarking-on-1990s-style-mini-easing-cycle 

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1:28 AM - 1 Aug 2019


#13 dTraderB

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Posted 01 August 2019 - 06:07 AM

Indeed, a new era....

 

Holger Zschaepitz @Schuldensuehner
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The world of interest has turned upside down: Governments, Companies, and consumers getting paid for making debt. That's the crazy reality of negative interest rates. 10y German mortgage-backed bond yields (German 10y Pfandbrief yields) have turned negative for first time ever.

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11:58 PM - 31 Jul 2019
A new tax is born: UBS has decided to pass on negative interest rates to its wealthy clients as banks start to appreciate that low or negative rates are not going to be the temporary phenomenon they had previously thought. https://www.ft.com/content/6315b464-b389-11e9-8cb2-799a3a8cf37b 
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1:58 AM - 1 Aug 2019


#14 dTraderB

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Posted 01 August 2019 - 06:09 AM

Helene Meisler @hmeisler
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AAII Bulls finally rise-to the highest since early May (+6.7 this week) and Bears fall to lowest since early May (24.1 now vs 23.2 in May). If you use this as your sole source of sentiment, we should speak.

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3:53 AM - 1 Aug 2019


#15 dTraderB

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Posted 01 August 2019 - 06:11 AM

"good" trade news can send SPX back up to retest existing record highs

 

Of course, the Chinese are playing the usual games....in tandem with Kim  in N Korea

 

Helene Meisler @hmeisler
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Helene Meisler Retweeted AFP news agency

They bought a new John Deere tractor :)

Helene Meisler added,

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AFP news agencyVerified account @AFP
#BREAKING China says it has begun purchasing more US farm goods as the two economic giants restarted thorny trade talks in Shanghai this week
Show this thread
4:02 AM - 1 Aug 2019


#16 dTraderB

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Posted 01 August 2019 - 06:16 AM

Looks like NAAIM hit a new 2019 high last week
 
 

 

 

 

95.75

 

 

 

 

 

 

 

 

http://www.naaim.org...exposure-index/


Edited by dTraderB, 01 August 2019 - 06:16 AM.


#17 dTraderB

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Posted 01 August 2019 - 06:19 AM

Turned down 

https://www.marketin...summation-index

 

https://www.marketin...llan-oscillator

 

McClellanOsc_595.gif

 

https://www.mcoscill...t_breadth_data/



#18 OEXCHAOS

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Posted 01 August 2019 - 07:34 AM

NAAIM reports today.


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#19 redfoliage2

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Posted 01 August 2019 - 08:48 AM

This may not be a confirmed IT turn as NYHL still positive, need to see a follow-thru or the market will reverse quickly to go up to new highs .............

They are trying to use AAPL to stop the down turn and it will be the last to turn down................


Edited by redfoliage2, 01 August 2019 - 08:54 AM.


#20 dTraderB

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Posted 01 August 2019 - 10:23 AM

NAAIM reports today.

Thanks, Mark
 

I now see that NAIIM high was last week July 24