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Archive for October 18th, 2017

Oct 18, 2017 DOW all time high and the China Congress FINALLY meeting, Copper 3 year high

October 18th, 2017

Many have been saying that China would not let the economy falter before the Congress meets. Therefore it was safe to buy and buy the market. WELL, tonight it is starting. It led off with a three hour speech by President Xi pointing out that Houses are meant to be lived in, Corrupt Chinese Biz People can’t hide in other places in the world cuz China will get them and bring them back. AND that commodities will be left to Market Conditions (Which could mean that China won’t come in and buy to support prices?). On this, Shanghai Futures saw a sell off. Futures are up in the second hour of the Europe Session about .10%. Later ECB board members Mario Draghi, Peter Praet and Benoit Coeure will be speaking in Frankfurt; the US Federal Reserve’s William Dudley and Robert Kaplan will also deliver speeches later today. Talk is Trump is going to announce Fed Chair before Nov 3 and Powell is in the lead. Aussie and the Kiwi are dropping also following commodities.

Oct 2017