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Posted 01 August 2019 - 06:02 AM
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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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
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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Posted 01 August 2019 - 06:07 AM
Indeed, a new era....
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.
Member
Posted 01 August 2019 - 06:09 AM
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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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 Retweeted AFP news agency
They bought a new John Deere tractor 
Helene Meisler added,
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Posted 01 August 2019 - 06:16 AM
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Posted 01 August 2019 - 06:19 AM
Turned down
https://www.marketin...summation-index
https://www.marketin...llan-oscillator
https://www.mcoscill...t_breadth_data/
Mark S. Young
Posted 01 August 2019 - 07:34 AM
NAAIM reports today.
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
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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.
Member
Posted 01 August 2019 - 10:23 AM
NAAIM reports today.
Thanks, Mark
I now see that NAIIM high was last week July 24
