US Markets are down so far this first Friday of November. Apple came out with some disappointing earnings last night & it appears to be weighing on the Nasdaq. There is also some tariff news being pushed in the media. The trend lately has been positive tariff news equals bullish movement in the stock market, negative tariff news equates to a bearish move. Regardless of trumps “insider tweeting” practices, the general trend has been down the last month & we have midterms next week to throw into the soup.
Bonds yields are moving quite a bit higher today & yesterday. There appears to be a line in the sand so to speak with the Yields. When they move to hi, equities get pressured to sell off in a big way. Perhaps that line on the 10 year is 3.25, perhaps we are already there. When the range really pops & equities keep selling off, no more mr. nice bull...
Silver has had its best two days in a row of memory. Two +3% days in a row is something to pay attention to. Silver has been manipulated down as much or more than any other market in the past decade & when it pops it’s gonna move up hot & heavy.
Oil prices are key at this point as well, the petro dollar is the petro dollar for a reason & lower oil prices can signal a downturn in global growth expectations as well as affect the price of every good sold requiring transportation or oil to produce. There is a reason why it’s good for the oil price to be relatively stable. if only it were priced in a currency that was backed by something tangible like real money I.e. gold & silver.
Bitcoin is fractionally higher today, still in that mid 6k range. Still a good time to buy for the long term imo. Ravencoin (RVN) is up about 20% against the dollar & bitcoin. Anyone know anything about ravencoin?
Things can happen very fast on a Friday before midterms. Observe the market change since I started writing this
But don’t worry everybody, Stevey Mnuchin & his lovey golddigging wife are making sure we print enough monies to keep the Goldman Sachs team well fed, & Coked up so they have plenty of stamina for escorts this weekend.
& Trump is tweeting out LARPs like an Emmy winning reality tv star. “Sanctions are coming”....
Do you think we might see some interesting market movement November 5th? The president wouldn’t dare try to politicize the markets or sanctions....
Who am I kidding, the game is rigged & the big money interests are just waiting for the right time to pull the rug out from joe citizen.
Here is a great question for you to research this weekend:
Who owns the federal reserve, who are the specific shareholders keeping this world in monetary hostage?
The answer is not an easy one to find & the more people who look the better.