Just another installment to the ongoing “market” movements and my commentary to those looking for clues as to where these “markets” may be heading. Today Fed. Chair Jerome Powell speaks again to another congressional meeting. Watching how the “markets” react to his responses, as I’ve stated ad nauseam, is paramount for anyone in business.
Just to clarify for any new readers, for the list keeps growing. (Thank you too all): I don’t make these statements, or argue these points, because I want to appear as some sort of “Wall Street” guru type. The genesis for these was born out of my frustration during the early days of the financial crisis when I realized, to my horror and dismay, that most so-called “experts” paraded across the business/financial mainstream media have not a clue of how markets and business truly interact.
It’s all narrative building with more escape routes than a cockroach. “This will end badly” had been the latest, but has since been jettisoned with every vault higher. The higher we’ve gone? The less they’ve felt the need for the qualifier after every recommendation. Look for a return of this in the form of, “I always said this would…” Particularly from a certain money “mad man.” But I digress.
If you’re in business you need to know what is truly going on in them, for the ramifications of today’s interconnected markets can put even the most menial of products or services, not to mention money, suddenly, “stuck in port or sea.” Or, suddenly, “Unavailable for use or withdrawal.” Again, whether you’re a hairstylist running your own shop, or a CEO running a multinational concern. You can not take this stuff for granted any longer regardless of your business. If you’re in business – you need to not just be aware, but know and understand. At the least in a cursory type manner performed in real-time.
This is why I make this available. i.e., For the business person that truly wants to know, because, it’s that important. Period.
So onto the “pictures”…
The other day I showed this one and on it made some commentary. To wit:
And here we are at approx. 8:00am ET as of this writing, again, to wit:
I’ve again made notations which are self-explanatory.
Everything that is currently taking place in the “markets” via my business acumen and “technical eye” is screaming warning signs. And not some sort of “Please adjust your seatbelts” type of warnings, but rather, and more along the lines of the “Brace yourselves for impact” styled warning.
Here’s the other chart I posted in a prior article when I started this whole discussion that as I iterated before of where I see things possibly moving if more of these signals I post get hit. To wit:
If we break down and fulfill what I first mentioned above? The above chart would be the next to watch for a bigger picture understanding. Will it happen? As always, no one knows, but if it does?
At least you would have some understanding that is completely anathema to most.
Until then – we wait, watch, for further clues. Yet, make no mistake – this is a time where watching is paramount, for the stakes are that high.
© 2018 Mark St.Cyr