• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

E Market Briefing For Monday, April 9

By Kurt Osterberg · On April 8, 2018

Repercussions – Fed Chairman Powell’s realistic and balanced assessment on credit and rate plans, along with Treasury Secretary Mnuchin’s very diplomatic way of handling gotcha-type questions in an extended interview; only briefly swayed the market to rebound; before succumbing and moving to newer lows for the session. Do know that the market did NOT hold the 200-Day Moving Average either; especially when viewed in an all-stocks basis as opposed to a capitalization-weighted basis (lead by a handful of stocks).

Our overall forecast anticipated not just the Friday pattern; but realized a couple days ago; that President Trump would have to double-down so as to get China’s attention, after both Kudlow and Trump inferred it was just a bluff. That the market received that well (Wednesday’s turnaround), for sure was why I anticipated Trump would have to feel emboldened (with the Chinese immediately declaring ‘victory’ Thursday morning). Hence it became essential the United States move to reassert its determination.

So sure, trade and tariff issues move the market; and we’ve identified the likely rebound failures. Plus the moves (in our view) are a larger strategy to extract better deals from China (and that goes for other countries too), without getting into trade wars. Mnuchin did the best job of balancing this while acknowledging we’re ‘not’ in a trade war, but the ‘potential’ exists of course. Although I remind we already heard from members that a series of steel and component price increases are already filtering through; it’s too soon to reach the inflation (or perhaps stagflation) conclusion, which leaves markets with ongoing outlined uncertainty and diving financials.

Now we have a market breakdown (techs and even financials should do well on the downside in the beginning of the new week); right in front of ‘earnings season’ starting. I have already forewarned that ‘earnings’ are not the key here (maybe minor responses); especially if managements of major multinational companies reflect the truth: uncertain guidance for at least the next Quarter.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.