Trump casino is one tweet away from explosion...
We just learned after-hours that the only sector making new highs is now under Anti-trust review:
Trade wars, Anti-Trust probes, robber barons running amok, Herbert Hoover in the White House.
Bueller?
Despite Tech making a new all time high today, new lows exceeded new highs today on the Nasdaq. The Hindenburg Omen is from last week. But there won't be another one - not enough new highs, as we see on the first chart above. And as we see on the left shoulder below, one is enough:
Semiconductors keep ratcheting higher led by Texas Instruments, up 6% after hours on a massive earnings "beat".
It all comes down to who do you trust?
Right wing media or straight up facts:
The news that ramped the casino today was that of still more trade talks beginning next week. Good for almost 200 Dow points. The news that got buried is the fact that the White House now sees this trade war lasting at least another 6 months.
It's clear that Trump wants this extra time to further implode China which he sees on the ropes:
"More good news"
There is only one sector making new highs on the entire planet right now, the one at the center of the trade war and the one being targeted for break-up:
"Tech stocks rose to an all time high Tuesday, led by the semiconductor sector which is up 10.5% in the past month.
Chips are leading the way even though they are in the cross hairs of the trade war."
Imploding earnings
Trade wars
Anti-trust reviews
"BTFATH"
A 79% chance that gamblers are disappointed next week:
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
