Welcome to the updated TF Metals Report! We hope you enjoy the new experience.

We've changed payment processors, so any existing renewals will need to be re-subscribed after expiration. You will receive an email when this happens. If you have any questions, send a message through the Contact page.

Do You Believe In Magic?

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

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...

About the Author

turd [at] tfmetalsreport [dot] com ()

64 Comments on Do You Believe In Magic?

Subscribe or login to read all comments.

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

Become a gold member and subscribe to Turd's Vault


Donate  Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
11/21 8:30 ET Durable Goods
11/21 10:00 ET UMich Sentiment
11/21 10:00 ET LEIII
11/21 10:00 ET Existing Home Sales

Key Economic Events Week of 11/12

11/14 8:30 ET Consumer Price Index
11/15 8:30 ET Retail Sales
11/15 8:30 ET Philly Fed
11/15 8:30 ET Empire State Fed
11/15 10:00 ET Business Inventories
11/16 9:15 ET Industrial Prod and Cap Utilization

Key Economic Events week of 11/5

11/5 9:45 ET PMI Services
11/5 10:00 ET ISM Services
11/6 US Mid-term Election Day
11/8 2:00 ET FOMC Fedlines
11/9 8:30 ET Producer Price Index
11/9 10:00 ET Wholesale Inventories

Recent Comments

by Turd Ferguson, 44 min 27 sec ago
Craig: ...
by Mickey, 51 min 54 sec ago
by Turd Ferguson, 1 hour 13 min ago
ata ...
by sengfarmer, 2 hours 17 min ago
by atarangi, 5 hours 35 min ago