Consider the circumstances where the dow dropped and nasdaq is down. 04 and think about it were on the verge of escalation on the raid war and our countries is divided like no time since the civil war and the yearnings are barely expected to be up and two contenders for the democratic nominees have problem with big business and the market is still in bull market mode and it keeps climbing. First, you got to remember a year ago things seemed incredibly bleak the Federal Reserve decided to hit us with a series of rate hikes right when the economy started experiencing turbulence and it got obliterated you could see that there for most of 2019 we were rolling back to 18 losses. S p 500 got blasted from 2937, that was last october, down to 2346 at the lowest last december, pretty soon were going to annualize that when the fed got a clue and changed course, it came back like a coiled spring which is why it is now at 3135. Boom fed gets religion, boom like that of course i dont want to blame
The nasdaq got spanked and slit 1. 6 but the average value 29 points in an it is passion of the upcoming rate cut, the first in ten years allow me to set the stage, on wednesday fed chief jay powell will give us the read on the economy and announce a quarter point rate cut to breathe now life into a business situation for many different industries. I know there will be sticklers that say with unemployment with the lowest level since the 1960s, it is ridiculous for the fed to think about cutting rates. Others like President Trump think a 25 basis cut isnt enough the president endlessly tweeted the Federal Reserve is way too tight monitory policy has been holding back the economy did it again today when your Interest Rates are too high, the currency gets stronger versus the rest of the world our rates are much higher so the dollar is very strong and makes the internationally Oriented Companies far less competitive and can hurt the Auto Industry and housing industry both of which are weak
Given that almost all my work, it is heretical and antithetical. Not for a minute, as i explain in get rich carefully, have i become a chartist myself. I describe the sectors, and overlay them on my broader world view at this moment. Charters could care less about this stuff. I wonder if they could do their jobs without the Companies Names blacked out. Some of them hate the distraction of knowing about the company. Now ive become pretty proficient at charting over the years, but i still rely on the individual work of professional technicians to demonstrate how to use charting and to demonstrate techniques that i can teach you. That is why i am picking the best of the charts of some of the best technicians we have worked with, to the point where im astonished at how accurate they can be. So i guess you have to call me a longterm believer. I have started nearly every saturday morning using the standard and poors charts, for formerly on paper, now in electronic distribution. I then go ove
A Murder Investigation begins this morning near 10th avenue and buckeye. Team 12s bryan also new this morning also new also new this morning two people are shot overnight near 48th street and broadway. Team 12s information. The shooting happened before 11 oclock last night. It happened at this apartment complex near broad wayway near broad waywere told two people are in this hospital this morning because of their gunshot wounds. One has nonlifethreatening serious condition. Meantime investigators have spent all night trying to figure out what happened. At this time its not clear what the circumstances were that led up this shooting. So far no arrests have been made. And no suspect description is available at this time. Live in phoenixnico santos12 today its time for another true crime thursday here on 12 today. And this morning. The story that has captivated the country. And baffled investigators for more than a decade. A decade. For more than a after the murder. Fbi agents say Jason D
And if our leaders arent careful, i think this could get out of control. If it keeps up, you have to believe well see more dice like this one. The dow lost, s p plunged 2. 5 and nasdaq nosedived 1. 47 . First, i think the recent rhetoric against business is insays. In my view, the creation of capital through hiring and building something is worth celebrate. I look as it as a way to get food on the table, as a a, i celebrate it. And when i see Fabulous Business people dock wonderful its not like theyre creating any jobs. Good business people, though . Theyre heroes to me. But thats not how many politicians look at business right now. This noisy dispute is now front and center in the investment, and the tone is so damaging, we might as well be in a bull fight, and we all know how those end. First the blocking of the pfizer allergan deal. Two years ago this agency said only that are domiciled overseas in low tax jurisdictions, but since then treasury has promise you will gated three rules