Four Hindenburg Omens on the Nasdaq. Another one yesterday:
Just like his tax cut, Trump's rate cut is already a massive failure.
Because there is no such thing as "free money"
"The Treasury is slated to borrow an additional $433 billion during the quarter that runs from July to September, with a stated ending balance of $350 billion. In comparison, the Treasury borrowed just $40 billion from April to June."
The Fed will end Quantitative Tightening (QT), while the Treasury massively increases bond issuance:
"The Treasury’s cash buildup will occur during a dead period for the Fed, which doesn’t meet again until mid-September"
Trump's policies have all been deflationary
This is what the Idiocracy was told to believe based upon today's jobs number
What they were not told is that prior months' payrolls were reduced by 40,000 bringing the six month moving average to a seven year low:
VixPlosion 2.0:
Right shoulder edition:
"In the broadening top formation five minor reversals are followed by a substantial decline.
It is a common saying that smart money is out of market in such formation and market is out of control. In its formation, most of the selling is completed in the early stage by big players and the participation is from general public in the later stage."
Global RISK OFF
aka. Overnight Risk
