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DrBubb's Diary - July 2019 Trading - v.126


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Top of Page Charts (Odd) : Channel-GE : MP : PP : Charts : Acore : Fringe : Ag B E G H :

t24_au_en_usoz_6.gif : 24hr-euro-small.gif : t24_au_en_euoz_2.gif :

idx24_russell_en_2.gif : t24_ag_en_usoz_2.gif:: idx24_hui_en_2.gif :

3d : ag : au / Btc / 8yr: 12mo : 5m : 2m : 1m : 25 10 5d 2d / spiral

Goldstock : HK-2840 : GBS.L : GLD : GDX : NUGT : tza/faz -- HKpeg : DXY : StkX : 10-d : SPX : sjw : img :

HK 3081: 2899: 1051: hs / UK: POG / ABX : Sil : IAG : dba-etc. ... lot : PB : CVN : CC2 : BTC 1m 2d : SLV-lv

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PEAKS : One after another...

SOXX, SPY, then IWM yesterday

Sym.: Close: change, Pct. : DayLow: Yr.High: Fr.Yr.H(L)
SOXX: 209.58: - 7.19, -3.32%: 207.49: 220.82: - 5.09%
SPY -: 297.43: - 3.29, -1.09%: 295.20: 302.23: - 1.59%
IWM-: 156.56: - 1.28, -0.81%: 155.55: 173.39 :  - 9.71%
TZA-: $44.61: +1.02, +2.34%: $45.45: $39.02: +14.3%
FAZ-: $35.65: +0.64, +1.83%: $34.75: $34.29: +3.97%
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IWM, spy, soxx ... 10d : xx

toptLOt.gif

TZA / 3X Bear etf ... 4-year : 1-year : TNA-1yr /

rgzyWGl.gif

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ONE CUT PRICED IN ??

How the Fed and Jerome Powell sent ‘a bit of a shockwave’ through financial markets MarketWatch

Oil bulls look to Fed rate cut to overcome demand worries MarketWatch

Asian markets fall after Fed rate cut, end of U.S.-China trade talks MarketWatch

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A stronger dollar and a flatter yield curve were probably not what Federal Reserve policy makers had in mind.

Read: Fed cuts interest rates by quarter point, but plays down scope for significant easing

But that’s what they got Wednesday, along with the steepest one-day stock-market selloff since late May, after a widely expected rate cut by the Federal Reserve rattled financial markets. Chairman Jerome Powell, in a news conference, signaled that policy makers weren’t convinced of the need to embark on a full-fledged round of easing, describing the easing as a “mid-cycle adjustment.”

See: ‘As usual, Powell let us down,’ Trump tweets after Fed fails to back stronger monetary easing

Investors, however, shouldn’t read too much into the kneejerk reaction — especially one that comes after months of mounting expectations for aggressive easing despite economic data that has led some economists to question the need for any cuts at all.

“Markets had been pricing in one, two and now three cuts going into this decision day, and the trick for the Fed chair was to signal a responsiveness but not a sense of alarm that things are slowing too quickly,” said Christopher Smart, chief global strategist and head of the Barings Investment Institute, in a phone interview. “And I think that’s a very narrow path for them to walk.”

. . . Powell’s description of the rate cut as a mid-cycle adjustment and not necessarily the start of a lengthy series of rate cuts combined to send “a bit of a shock wave into the markets and is in direct contradiction to the market expectations of continued cuts over the remainder of the year,” said Chris Gaffney, president of world markets at TIAA Bank.

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Wise Woman Tulsi takes down the Nasty Woman#1 !

Tulsi Gabbard Slams Kamala Harris for Jailing People for Marijuana Then Laughing About Smoking It Later

Tulsi Gabbard torches Kamala on Criminal Justice

Rep. Tulsi Gabbard (D-HI) slammed Sen. Kamala Harris (D-CA) for her record as a California attorney general and her hypocrisy over marijuana in one of the congresswoman’s strongest moments on the Democrat debate stage on Wednesday.

“Senator Harris says she’s proud of her record as a prosecutor, and that she’ll be a prosecutor president, but I’m deeply concerned about this record,” Gabbard began.

“There are too many examples to cite, but she put over 1,500 people in jail for marijuana violations and laughed about it when she was asked if she ever smoked marijuana,” she continued.

Harris famously said during an interview with the The Breakfast Club radio show that she smoked marijuana while she was in college while listening to Snoop Dogg and Tupac.

Harris has faced lingering questions on her tough stances as a federal prosecutor.

In 2010, she opposed an initiative to legalize marijuana, according to the Los Angeles Times. It was not until 2015 that she began calling for the decriminalization of marijuana, according to Elle Magazine.

> https://www.breitbart.com/politics/2019/07/31/tulsi-gabbard-slams-kamala-harris-for-jailing-people-for-marijuana-then-laughing-about-smoking-it-later/

Tulsi will first demolish Nasty Woman #1, Kamala.

Then she will go after Pocahantas... if she is still there

Virtue-signaling Kirsten Gillibrandt is a joke and will easily demolish herself

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GAS UP  : chart : $2.318 + $0.088

Oil Down: chart : 50.00

Wed. Close: $2.23 +0.10 +4.48% / WTI: $58.58

0p1MYdu.png

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Financial Times: Central banks should consider giving people money.

Pretty insane the thinking nowadays. Is this the beginning of the great hyperinflation of the West?

EDIT: option 2 where the strategy is for the central banks to buy up company stocks is pretty much what is going on in Japan and Switzerland. Although it widens the gap between rich and poor, I feel this is a better idea than just blanket giving out funds indiscriminately.

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10 hours ago, hector said:

Quite a fall on the world stock indices. Well done for calling it. I did not see this coming. How much carnage will we be looking at by the time of the next Fed meeting?

Covered my Shorts at a nice profit - expecting a bounce now

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