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Marc Chandler: This market pullback could very well be natural profit taking

Cory
August 10, 2017

Head of Global Currency Strategy at Brown Brothers Harriman, Marc Chandler shares his thoughts on all this saber rattling between North Korea and the US. He mentions that the pullback in the US markets is natural considering the consistent moves up we have seen after a relatively good earnings seasons. This can be considered a profit taking event.

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Discussion
13 Comments
    Aug 10, 2017 10:24 AM

    SSRM and PAAS are up 12% today!

    Aug 10, 2017 10:43 AM

    Greg Mannorino on the sidelines….., this is a change from last week. Mostly because of Yellen.

    Aug 10, 2017 10:52 AM

    Martin Armstrong…………Healthcare killing retail….and no Amazon is not killing retail
    Healthcare cost $3.3 Trillion……Retail sales are $5.5 Trillion….and Big Mouth MCCain caused a wreckage in the economy by his vote on Obastard care

      Aug 11, 2017 11:36 AM

      Too much money is being spent on healthcare, and taking money away from retail…..was the thought.

    CFS
    Aug 10, 2017 10:23 PM
    CFS
    Aug 10, 2017 10:49 PM

    The Golden Jackass needs to brush up on cryptos.

      Aug 10, 2017 10:34 PM

      ditto…….and a few others………..

        Aug 11, 2017 11:38 AM

        Some of the gurus have completely missed the cryptos, ……

    Aug 10, 2017 10:51 PM

    Fat Boy gonna use a small island in the Pacific to test his nukes out on some song birds and lizards. Then it’s on.

    Aug 10, 2017 10:23 PM

    Not sure what Marc meant about $1300 gold then he quickly corrected to $2300 – anyone know what he meant?

    CFS
    Aug 10, 2017 10:36 PM

    He was confused with stocks….He meant $1300 with gold

    CFS
    Aug 10, 2017 10:38 PM

    By stocs I mean, of course, S&P, note he started with 24 hundred

      Aug 10, 2017 10:42 PM

      Thanks CFS – so he was suggesting 2300 target possible for S&P?