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Big moves today on more negative Trump news… Will it stick this time?

Cory
May 17, 2017

The US equity markets are on track for the worst day in 8 months. All these moves are on the back of more negative news focused on Trump. Gold and treasuries are also getting a buy while the USD is continuing it’s downtrend. Chris Temple joins me to discuss the broad moves and if this move down is going to pick up steam or become another buying opportunity.

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Discussion
22 Comments
    May 17, 2017 17:25 AM

    We posted…….earlier couple of repub……WALTER JONES(R) SC ….joining with Dems on impeachment talks.

    May 17, 2017 17:29 AM

    I thought this was a PM site………steam needs to come off the stock mkt. Nothing good about a manipulated , front running market ran by one person….JMHO

    May 17, 2017 17:40 AM

    Jack Welsh….out with comments on impeachment ……”would blow the markets away” …zh

    BDC
    May 17, 2017 17:52 AM

    As of yesterday, the Dollar Index has broken all topside support levels, and has completed 100% ABCs down, which average about 97.50. It is now in the fibo support range from its bottom of 91.92 a year ago.

    CFS
    May 17, 2017 17:08 AM
    CFS
    May 17, 2017 17:18 AM
    May 17, 2017 17:54 AM

    Senate Judiciary committee …….wants Comey’s memos on everyone, obama, yates, lynch, trump,.etc.

      May 17, 2017 17:54 AM

      the kitchen is going to get hot…………

    May 17, 2017 17:25 AM

    Miner’s acting very very weak with gold up $22 and GCC up too. Just cannot fathom the early May low was anything other than a tradeable bottom.

    May 17, 2017 17:29 AM

    How long has it been since the HUI rallied for a sustained period without the DoW also rallying? 30-40 years? The fact is, every major rally in the miners has coincided with rallies in the US markets. That’s why shorting miners is the perfect hedge against long positions in bullion and US stocks. The conditions for them to rally are extremely rare.

    May 17, 2017 17:00 PM

    Chris sees a lot, and thinks well. Thanks Cory.

    May 17, 2017 17:38 PM

    Reading the news and monitoring US politics lately is like watching monkeys in a cage fling poo at each other. With the players involved, it feels hopeless…..