Archive for August 8th, 2017

August 8, 2017 Party like 2007!

August 8th, 2017

Well the market can care less about the slowing in China and Central Bankers coming to the end of the Road. The world, or rather Mom and Pop investors are flooding in and buying “good companies”. Speculators are at a record in selling short interests in the VIX. Does this make any sense at all? China Copper Import Data was flat MoM, even with the Rumors of China Banning Scrap Copper next year which has spiked up copper prices. Chinese Import/Export data missed estimates. Last, we have a WEAKER SWISSY!!! If the swissy is dropping against the euro, then the SNB doesn’t have to go in and buy ALL the US TECH companies it can. Doesn’t make sense at all?

August 2017