This Morning’s Log Entry

The major equity averages are rallying at the open this morning: The S&P future contract, while already in the green, popped higher on the higher than expected weekly jobless claims number; i.e., bad news remains good news for now, as it bolsters the case for Fed easing going forward.

Indeed, the notion that the Fed can rescue the market could fuel a real test of the recent highs: My best guess is that that – without a change of tack on trade negotiations – would turn out to be an ugly bull trap. The latest sentiment readings (generally not bullish) means that there is definitely money out there to buy stocks, exacerbating a rally should short-term technical patterns suddenly resolve to the upside. Again, without the ultimately-monster trade war headwind abating, we can have zero faith that the present expansion, and, thus, the present bull market, has the legs to last.

If, however, the powers-that-be come to their senses before odds begin to favor recession going forward (not there at this point), I’ll be a raging bull for the foreseeable future. Simply can’t go there until they do…


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat