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Do You Believe In Magic?

It's going to take some serious Central Bank Magic to rescue the "stock market" today.

64
Tue, Oct 23, 2018 - 10:54am

It's going to take some serious Central Bank Magic to rescue the "stock market" today. And it's not a question of "IF" the intervention will occur, it's a function of "when".

So far, though, it has been straight down for the S&P. The futures were down all through the overnight and Asian/European day and things have only gotten a bit worse since NYSE trading began about 30 minutes ago.

We've been watching this for weeks and noted again just yesterday that there have only been TWO green daily candles this entire month! That's some pretty piss-poor performance and...

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Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
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Key Economic Events Week of 11/12

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