Archive for February 7th, 2018

Feb 7, 2018 Down we Go

February 7th, 2018

In the US Session we had the Bulls come in at the end of the day over the Budget being sent on to the Senate. This IMHO has NOTHING to do with the reason why we are selling off….mainly Chinese Money pulling away from the global markets and Kuroda/Abe out of Japan not being able to flood the market with Money Arrows. Anyway, Futures are down .90% in the first hour of the Europe Session. Shanghai Futures had Copper and most of the metals down leading into the week of VaCa next week. There is also talk about a Shanghai Based Property Biz that won’t be able to make loan payment next week Fwiw. Oil is flat even with a surprise drop in production out of the API showing U.S. crude inventories falling by 1.1 million barrels . Bitcoin is trying to break through 8000 to the upside. We have Dudley again speaking tomorrow, but Fed Evans who is less dovish will also be speaking.

Feb 2018