Is a $1 Trillion Company a Good Thing For The Markets?
Cory
June 1, 2017
The chase for yield continues and this is driving a select few stocks to carry the markets to all time highs as well as continue to support European equities. Rick Ackerman and I discuss the recent stories about an upcoming $1 trillion company and what it means in the bigger picture for US markets.
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Discussion
2 Comments
Jun 01, 2017 01:01 AM
Jun 01, 2017 01:33 AM
GDX/$GDM: The 20 month MA has now crossed above the 50 month MA. The last time that happened was precisely 7 years ago (6/2010).
http://stockcharts.com/h-sc/ui?s=%24GDM&p=M&yr=11&mn=0&dy=13&id=p88764526981&a=521133986
Rick Fri NFP data could further pop $TNX as it weakened $yen by almost 100 pips since Wed close….going to need the market spin suggesting 2 more rate hikes if 110+ $index takes place sending $yen lower ito the summer and gold. Monthly chart as we start a new month shows the overhead resistance of $yen holding gold back…..a market shock of a weak NFP could blow out the resistance or a smoken hot NFP will test again Dec lows
https://tinyurl.com/ydb9mzf7