Market Musings
The July employment data is simply unbelievable and
calls into question many of the official data points. The
birth/death rate adjustment added 309,000 to the monthly total of
528,000 added jobs.
Pelosi went to Taiwan and South Korea ... for what? So that
Putin could ask North Korea for 100,000 troops to help his forces
in Ukraine?
Now China is doing live-fire exercises around Taiwan ...
effectively blocking it and a prelude to a future invasion.
How will the U.S. respond?
It is possible that GDP will be negative in the 2nd half of
2022 as well.
The FED has indicated another rate hike at the next meeting of
.75% which should help crash the housing market even further as
prices in most markets are already slipping..
The Acc/Dis chart has risen thanks to July's market uplift but
setting definitive action points for trading positions will
be key to retaining profits in this market.
Remember -- "Only purchasing power counts!"
It is difficult to find long-term trading opportunities with the
future so uncertain. By any reasonable measure, this market is
dangerous.
Be careful ....
To review the 07/29 FlowChart, click
here.
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