Loading ...12:30. pm—Today the. Global. Dow. index is down a big 23 pts—they’re buying bonds today—the mkt has been ragged for a while—yet seems bullet proof to. any serious decline—fear-greed index at. 87—talk of melt up has been heard—this is the profile we get just before 10 or 20 percent corrections…personally, it’s very VERY difficult for me to see any downside for u.s. stocks…this is the. same kind of hunch I. had 3 days ago when I bought some gold coverage…these are not high confidence trades…but often they are the best kind.
P.S.—3:18—this story just was flaaged on FOX Biz News–if this doesn’t spike the mkt, then I might have to pick up some qid before the close today–yes, the deal may not be finalised until. december but the fact that the news has “hit. the wires” with no real response. is not a good sign for the. bull case. Maybe it will. be talked up over the weekend…and stocks will open sunday. nite with a. surge…then at. the open monday, I’ll. sell. the rally if it looks flaky…
Nancy Pelosi says a USMCA trade deal breakthrough could be ‘imminent’
PUBLISHED THU, NOV 14 201911:27 AM EST UPDATED AN HOUR AGO
KEY POINTS
- House Speaker Nancy Pelosi suggests Democrats and the Trump administration are making progress on a final agreement on President Donald Trump’s North American trade deal replacement.
- House Democrats have been negotiating with the Trump administration as they seek better enforcement mechanisms for labor and environmental standards.
- The White House hopes to ratify the trade agreement by the end of the year