Rule #1: Never go FULL Donny:
"In recent months we have seen Trump increasingly operate on a go it alone strategy, relying more in his personal instincts and less on input from advisors. We expect these tendencies to continue and shape the direction of policy decisions in the near-term, leading to potentially binary outcomes"
Which gets us to the topic of this blog post: Binary outcomes.
In a Ponzi scheme, liquidity is like any other magic trick - now you see it, now you don't:
You know the drill. Same as last time:
"Insiders dumped $8.4 billion of their shares in May and $9.2 billion in June, according to an analysis of regulatory filings by TrimTabs Investment Research. That's the biggest two-month period of insider selling in a year."
"They're buying back from the front door, and shoveling shares out the back door"
"Speaking at a "Made In America" event on July 23, President Trump said his administration is "reclaiming our proud manufacturing heritage."
I just read a warning by Goldman Sachs on Zerohedge saying that there's no liquidity in the casino. It's a "total mystery". Let's see if we can figure it out...
"Trade wars are fantastic"
"Get ready for the S&P 500 to jump to new highs, says our chart of the day from Cam Hui over at Humble Student of the Markets. He has shared the graphic below that shows the index breaking out of a cup-with-handle pattern, a chart formation that many technical analysts love to see."
For every insider seller, there has to be someone who has been convinced that an economic revival is underway...