At the time I am writing this article the Dow Jones industrial average is up 150 points.
So, has the stock market given an all clear signal on ANY good news with regard to the US economy?
Have Geo political pressures subsided?
No...
In my opinion the reason why the US stock market is rallying in early trade is because the worlds second largest economy, China, just reported a slew of bad economic data pointing to a slowdown in economic activity.
The economic slowdown in China is simply sending a message to the markets that the Federal Reserve is again going to put any meaningful rate hikes on the back burner, although I do expect one more "token" hike later this year.
Moreover, the China slowdown means that the Federal Reserve will have to leave their balance sheet untouched for the foreseeable future.
It should be clear to anyone reading this article that world central banks will continue to run this comedy act known as the markets...
Gregory Mannarino @marketreport
Couldn't agree more man. When you create as many digital 0's as you want, you can keep the wheel rolling right along for as long as you want. In times of a real market, bad geo-political news would send the market into turmoil, but in today's clown show it's just business as usual.
"world central banks will continue to run this comedy act known as the markets..." It looks like a bad magic act to me.
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Since the US is printing why not do the same anyway. When the time come to pay back no-one will have any money anyway so fair and square we write off equal amount of debt each!
Great post
THAT WAS SOME VERY GOOD INFO AND THANK YOU FOR REPORTING IT AND WE UPVOTED AND RE STEEMED IT TOO
thank you greg
upvoted and resteemed.
Good point, Greg.
thx
Markets up today and my tvix short is doing good ;)
Better be careful around UVXY $31 ..ish, VIX 11.50...ish.
Dont let the FED or the banks into Crypto.
yes u r right @greg sir and i also agree with u about ur opinion china reported a slew of bad economic data pointing to a slowdown in economic activity
Good Point. This is a comedy act!!
Good to see that Greg is still "actually" reading my spews when he "said" he has me muted. 1 week ago Greg said >>> "1 more Fed rate hike!"...today it's "No more Fed rate hikes!" See how quickly I can bring people to their senses if they only listen? :-)
No, I believe he said still one more.
Oh, my bad. :-)
BTW, did I win that Silver contest last week?
Which Date?
The one where I registered my call that the high for silver that day would be "the" high and that SLV would trade 1 point higher than the 16.29 high. Lemme check the SLV chart. Th of last week, 8/10.
You never entered the Silver Challenge for Aug 10th.
There is a good payout for the (AUG 15th). This mornings post. You still can enter that one. I added some funds to hopefully raise more interest and to get people involved.
If the posts are re-steemed, that helps the Prize Pool.
No biggie on that last silver spew. I "might" enter tomorrow's contest but I want to wait and see if SLV trades thru 16.29 today first. Ifn it does I'll be more confident on the silver high...leading to a new 52 week low.
It only costs an Upvote. ANd there is a good payout today if your guess is close.
No harm in guessing
Thanks for the post.
China is just as bad off as the United States. However, I think that China knows that the USD is going to collapse so why not run up the Debt Tab and build while the USD is around.
Then when it collapses they have everything built aready.
FED killing the middle class slowly.
thanx sir to share ur post after 2 days and share ur opinion on market again
Thanks for sharing again man! I like your new 'business card'!
thanx sir share a new post again and tell us some new
In there mean time bitcoin is going thru the roof,
Silver slowly trying to climb, I say get some of both now.
It's interesting how China became influence on western economy this days.
ur post really help us ans ll traders in next trades bcz ur prdictions are mostly true and we follow that
i think u r mostly right but what is the btc conection with whole market sir
great work man ur posts are highly informations and really have new knowledge and helpfull for ur all followers
Also, if you are interested there are more contests that you can enter:
The Cryptocurrency Challenge [BTC, LTC, ETH, & STEEM]
The Gold & Silver Futures Challenge
The Fiat Currency Crash Challenge
@revelationquotes
When do you think they will Hike... Sept or Dec?
Yup! Banks pushing the market up again. . .
Media ignores china economic issues, which long ago, the acceleration of china economy has been slowing and the velocity slowing. China's economy has been propped up by their banks and government programs: see china's ghost cities . . .
Mainstream media says the geopolitical tension has subsided, while they focus on social unrest (ignorance/stupidity) in charottesville.
I can't wait for tonight's news - All new highs for market, back above 22k
Good post and analysis. The markets are going to go higher. Much appreciated as always Mr. M!
Thanks for the update greg
Upvoted and Resteemed.
Awaiting your video. I figure that today may be interesting.
Thanks
The Fed will run the markets until they can't run the markets and lose control.
Thank you
Just amazing China slows down & U.S. looking good because the Fed is strapped & the rates stay low or lower
Thanks Greg! Are you pricing in war jitters?
Everything is so fucked up..... Exciting time to be alive for sure...
Now what did I do with that trillion dollar bill??????
thank you for sharing
upvote
Thank you
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