It’s more than likely going to be another week of sloppy trading.
Besides being an extension of last week when the Dow Jones Industrials rose gently on Monday, flat lined on Tuesday, dipped Wednesday, rallied Thursday, and ended Friday drooping into the close, there’s nothing monumental right in front of markets right now.
A rate cut at the end of the month is a foregone conclusion.
Thank you, Federal Reserve, for your cheerleading.
It’s going to be a quarter point, not a half point as some overzealous analysts were touting.
The beginning of the newly restructured Deutsche Bank may end up like every other iteration of the old struggling Deutsche Bank.
That’s because the giant German lender and would-be Master of the Universe, sometimes known simply as DB, who just announced 18,000 more layoffs as it downsizes, again, may be charged criminally for its involvement in the global 1MDB scandal.
Depending on what charges the U.S. Justice Department may file, and how big a fine Deutsche Bank may have to pay, the European Central Bank (ECB) may have to lend DB more money to not end up where it really belongs, in the history books.
With the biggest number of bank layoffs since the bankruptcy of Lehman, and a 10-year $17 billion tab in fines for regulatory failures and technically criminal activity, DB’s woes are anything but over.
Yesterday I exposed just how much control the Fed enjoys over America’s financial freedom. If you didn’t happen to catch it, read on here. Over its brief history, essentially the Federal Reserve can and continues to manipulate all of markets. For my Money Zone subscribers yesterday, I gave greater details on how any investor can trade with this kind of reality and make life changing profits beating the Fed along the way. If you’re not yet subscribed, you’ll want to check out here how to get full access to this. Click here to watch.
For a short week last week, the long in the tooth bull market sure showed its “agelessness.”
Too bad there wasn’t any meaningful volume of capital inflows to warrant the records that were broken.
Then again, it was a holiday shortened week.
Still, as old as this bull is, the only thing that’s not killing it is the Federal Reserve’s mouth to mouth resuscitation efforts and the fact that it’s the MOST HATED and MISTRUSTED bull market in HISTORY.
And that means, what’s moving markets higher is all the sidelined money, like the money that didn’t come in last week, or the month before, or the quarter before.
It’s all there on the sidelines and waiting to come in or waiting to say “I told you so!”
Just a few days ago, Shah shared his contrarian view on Tesla’s record filled orders: the market has simply been too generous. Though the stock pops, the demand of orders are all fulfilled, and competition is creeping in. Shah also addresses what kind of effect the disappointing jobs number will have long term on markets and the economy at large… Click here to watch.
The fact of the matter is, the Federal Reserve System, America’s so-called central bank, which by the way chose Federal as part of their name to imply they’re a department of the federal government (they’re not, they’re a private institution), chose to call themselves a “System” as opposed to a bank (because banks were hated and causing America’s boom-bust cycles at the time of the Fed’s creation), is ruining America.