https://www.howestreet.com/2024/09/is-the-fed-rate-cut-a-warning-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
BULL TRAP CONDITION CONTINUES TO EXIST DESPITE WHAT YOU HEAR IN THE MEDIA
DANGER DANGER WILL ROBINSON
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
U.S. Stocks Close Higher Again; S&P Posts Fresh Record Closing High
U.S. stocks closed higher on Tuesday after a somewhat choppy ride, and the S&P 500 hit a fresh record high, as investors made largely cautious moves while
awaiting more data for directional cues.
The Dow, which kept moving in and out of positive territory, ended with a gain of 83.57 points or 0.2 percent at 42,208.22, after hitting a fresh record
intra-day high of 42,208.22.
The S&P 500 closed up 14.36 points or 0.25 percent at 5,732.93, slightly off the all-time high of 5,735.32, and the Nasdaq climbed 100.25 points or 0.56
percent to 18,074.52.
Nvidia Corporation shares climbed about 4 percent. Caterpillar also gained about 4 percent, and Uber Technologies ended up 3.7 percent.
Tesla, Home Depot, Netflix, Salesforce, AMD, Comcast Corporation and Nike gained 1 to 3 percent.
Visa Inc. shares declined sharply after U.S. Department of Justice filed antitrust lawsuit against the payment company alleging that some of its debit
card practices are anticompetitive.
Starbucks, Citigroup, Amgen, Wells Fargo, Abott Laboratories, PepsiCo, Bank of America, Costco, Mastercard and Microsoft Corporation closed notably lower.
On the economic front, consumer confidence in the U.S. has seen a notable deterioration in the month of September, according to a report released by the
Conference Board on Tuesday.
The Conference Board said it consumer confidence index tumbled to 98.7 in September from an upwardly revised 105.6 in August. Economists had expected the
index to edge down to 103.0 from the 103.3 originally reported for the previous month.
The S&P CoreLogic Case-Shiller 20-city home price index in the US rose by 5.9 percent from the previous year in July of 2024, slowing from the 6.5 percent
increase during the previous month
The Federal Reserve Bank of Richmond said the composite manufacturing index in the US Fifth District edged down to -21 in September of 2024, from -19 in
August, worse than forecasts of -17, indicating the steepest decline in factory activity since May 2020.
In overseas trading, Asian stocks advanced on Tuesday after China’s central bank unveiled its biggest stimulus since the pandemic to support the economy
and counter a prolonged downturn in the property sector.
The central bank said it would lower borrowing costs and inject more liquidity into the system that would free up more money for lending. Regulators also
unveiled plans to support stable development of the stock market.
The major European markets closed higher on Tuesday with investors cheering the stimulus measures announced by the Chinese central bank to stimulate the
world’s second largest economy.
OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!
https://www.metastock.com/prod
Yes, that’s a cartoon of me. Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week. I’ve dated myself. That occurred for me between 1988-1996. Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.
WHO am I?
MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.
Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.
In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.
He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.
Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.
His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.
The Walt Disney Company has been criticized (MYSELF INCLUDED) for its “woke” content and has faced backlash from conservative politicians and social media voices. Some of the criticisms include:
-
Donations to LGBTQIA+ organizations
Some shareholders have argued that Disney’s donations to organizations that serve the LGBTQIA+ community are “extreme pursuits” that ignore the beliefs of most Americans.
-
Inclusion of LGBTQ+ characters
Some critics have taken issue with Disney’s inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.
-
Black Ariel in Little Mermaid
Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.
-
Economic and reputational consequences
Some claim that Disney’s “woke virtue signaling” has had economic and reputational consequences, with Disney’s market cap falling nearly 40% since February 2021.
- Disney’s biggest priority is entertaining audiences
- Disney is focused on the future, not the past
- Disney needs to be more sensitive to the interest of a broad audience
- Disney’s primary mission is to entertain and then have a positive impact on the world through entertainment
RFK Jr. Shreds Democrats for Abandoning Democracy
I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY. MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE
COME ON, DAD. IT’S TIME TO EAT
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