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There’s a lot at play that’s driving markets both good and bad

Cory
June 16, 2020

A lot to take in at the start of this week that are driving markets. A strong US retail sales number is balanced with Florida and Texas seeing an increase in COVID cases as well as Beijing shutting down schools. There is also more mentions of a $1trillion infrastructure bill for the US which has investors excited.

Ed Moya joins me today to address all of the points above and balance out what will truly drive markets in the near term.

Click here to visit the OANDA website and follow along with Ed’s note.

Discussion
17 Comments
    Jun 16, 2020 16:03 AM

    I nominate this as ‘today’s puke’ article: https://www.politico.com/news/2020/06/16/congress-small-business-loan-320625

      Jun 16, 2020 16:43 AM

      DITTO……………….
      Rape………………greedy ……………
      Worst part…. Small Business Administration and Treasury Department have that information, and the Trump administration is refusing to provide any details.

        Jun 16, 2020 16:46 AM

        SICK………..
        Williams was one of 146 Republicans to oppose Phillips’ bill to require the SBA to disclose loans over $2 million.
        FREAKING …………………TERM LIMITS NEEDED……….NOW.

          Jun 16, 2020 16:50 AM

          FAMILY AND FRIENDS………..guaranteed, they got the LION’S SHARE………
          We are going to get stuck with hyperinflation…..
          Somebody, …WE THE PEOPLE , should kill the two headed snake….

    Jun 16, 2020 16:48 PM

    Miners knocked down (all day long) into the close again.

      Jun 16, 2020 16:41 PM

      David, FVL was up 21% now 75 cents, and Tudor was up 9% now $1.63. DT

        Jun 16, 2020 16:37 PM

        DT:
        Yes, I have Freegold and Tudor up same percentage in US. The biggee was Silver Grail Resources at 45% which sounds bigger than it was but might indicate more as small price. Had some other good ones but overall went down all day similar to Monday. Great Bear did well yesterday and just ok today but overall most of mine have been red over the two days. I am waiting for those all green days like 2016 but too much interference in the markets by the powers that be. But, looking at the mess they have made of everything, I am looking for the real world to surface at some point. In summary, in addition to those mentioned above , Discovery, Lion One, Irving, MacDonald, Northern Shield, Santacruz did ok. Ready to do better.

      Jun 16, 2020 16:20 PM

      You sound very bearish excuse my expression… The action I’m seeing is, is the term used in basketball “ shake and bake” or the term used by Matt “ wall of worry” please don’t fall victim to that trap… The more I look at my miners the more it’s evident of distribution from very weak “hands” to “ strong” hands.. but like they say only a few survive….

        Jun 16, 2020 16:40 PM

        G:
        You are so right.

        Jun 16, 2020 16:59 PM
        Jun 16, 2020 16:14 PM

        Wall of Worry

        By Will Kenton – Apr 25, 2018

        “Wall of worry is the financial markets’ periodic tendency to surmount a host of negative factors and keep ascending. Wall of worry is generally used in connection with the stock markets, referring to their resilience when running into a temporary stumbling block, rather than a permanent impediment to a market advance.”

        https://www.investopedia.com/terms/w/wallofworry.asp

    Jun 16, 2020 16:21 PM

    Here is one………concerning the Cares Act…….note it was planned a year ago….
    Jim Willie…..at 43 min. mark……….and the SGT Report.
    https://www.youtube.com/watch?v=n3vVz1SGidA

      Jun 16, 2020 16:30 PM

      Jim…….talking about Comex broken and lawsuits being settled, ……50 min mark….
      and Gold going to $2000 by year end.

      Jun 16, 2020 16:48 PM

      Jim Willie is WRONG! The whole thing was changed! The Middle Class Health Benefits Tax Repeal Act of 2019 had nothing to do with the CARES Act until March of 2020.

      The Middle Class Health Benefits Tax Repeal Act of 2019 repealed the excise tax on employer-sponsored health care coverage for which there is an excess benefit (high-cost plans). What did this have to do with all that was in the CARES Act? Nothing. The Middle Class Health Benefits Tax Repeal Act was amended to include all that is in the CARES Act in March of 2020.

      Jim Willie is that same moron that says that 2 children a day were being kidnapped from Disney World for the last ten years. That’s right 7,000 children kidnapped from there by the CIA and none were reported.

        Jun 17, 2020 17:17 AM

        I have not looked into the CARES ACT , yet………Pre planning for the epidemic , a year ahead was, what I thought was interesting.
        As far as Disney missing children…..I do not have a clue., first time I heard this, although, it is not the first time I have heard Disney has suggestive art, in its movies…

          Jun 17, 2020 17:39 AM

          I put some more comments on the other section………..I will continue to look into the act
          I think what JIM Willie, was talking about………….the Act…..originated in JAN 2019…way ahead, of a virus being known to exist, or that it would exist….