Market Report 1/30/17,sell stop 19950, gain(90), CG(1640),11/21/167
With fresh 9.1 trillion dollars budget deficit caps voted secretly by Ryan, McConnell & Co, the stock market rushed through the 20,000 level pushed by easy money that Janet Yellen must have agreed to pump into the system in support of President Trump's agenda. At this point the National debt is 29.1 trillion dollars, even though some of the money have not been spent yet. In other words the genius billionaires advisers supporting Trump are doing exactly what Obama did for 8 long years: Keep printing money and stuff on hamburgers bought with the miserable saving of seniors and other savers. Translation? Unless Trump manages to get rid of Yellen and her invisible and illegal government, US will continue to sink deeper and deeper in debt regardless of his best effort to turn USS America around. Trump says that US military and infra-structure are so depleted that money must be spent to recover it.
DJI futures are down -1, a sign that despite the drop today and the reality of Trump's executive orders, Yellen's lap dogs are still hoping the reflation Trump rally to continue. A real sign that the monetary picture has changed will identify itself by a significant drop of DJI below supports at 19500, 18250, 17500 and finally 15,800 levels.
Gold is flat at 1197.4 and USD/CGF down again to 0.9953, an indication that Yellen may have capitulated and had been sworn by powers high priests to keep her money printing machine humming so US dollar is steady as long as Trump requires. Translation? Inflation on the horizon. Watch the sell stop at 19950.
DJI futures are down -1, a sign that despite the drop today and the reality of Trump's executive orders, Yellen's lap dogs are still hoping the reflation Trump rally to continue. A real sign that the monetary picture has changed will identify itself by a significant drop of DJI below supports at 19500, 18250, 17500 and finally 15,800 levels.
Gold is flat at 1197.4 and USD/CGF down again to 0.9953, an indication that Yellen may have capitulated and had been sworn by powers high priests to keep her money printing machine humming so US dollar is steady as long as Trump requires. Translation? Inflation on the horizon. Watch the sell stop at 19950.
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