https://www.howestreet.com/2024/09/markets-lithium-gold-silver-cycles-fed-rate-cut-eric-hadik-mark-leibovit-ross-clark-this-week-in-money/

 

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 Finish Choppy Trading Day Mostly Higher

Stocks showed a lack of direction over the course of the trading session on Monday before eventually ending the day mostly higher. The major averages all finished the day in positive territory following the mixed performance seen last Friday.

The Dow inched up 17.15 points or less than a tenth of a percent to a new record closing high of 42,330.15, while the Nasdaq climbed 69.58 points or 0.4 percent to 18,189.17. The S&P 500 also rose 24.31 points or 0.4 percent to a new record closing high of 5,762.48.
Stocks initially came under pressure in reaction to remarks by Federal Reserve Chair Jerome Powell before rebounding going into the close.

The Fed chief suggested the central bank will continue to lower interest rates but stressed the downward path for rates is not on a preset course.

Powell said the decision to slash rates by half a percentage point earlier this month reflects the Fed's growing confidence that an appropriate recalibration of monetary policy will maintain strength in the labor market and keep inflation moving sustainably down to the 2 percent target.

"Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance," Powell said.

"But we are not on any preset course," he continued. "The risks are two-sided, and we will continue to make our decisions meeting by meeting."

Powell's remarks partly offset optimism the Fed will continue to lower interest rates aggressively in the coming months.

The Fed's next monetary policy meeting is scheduled for November 6-7, with CME Group's FedWatch Tool currently indicating a 65.3 percent chance the central bank will lower rates by 25 basis points and a 34.7 percent chance of another 50 basis point rate cut.

Sector News

Despite the advance by the broader markets, most of the major sectors ended the day showing only modest moves.

Gold stocks saw considerable weakness, however, with the NYSE Arca Gold Bugs Index tumbling by 2.1 percent. The weakness among gold stocks came amid a decrease by the price of the precious metal.

Telecom and semiconductor stocks also saw some weakness on the day, while airline and biotechnology stocks moved to the upside.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in a starkly mixed performance during trading on Monday. Japan's Nikkei 225 Index plunged by 4.8 percent, while China's Shanghai Composite Index skyrocketed by 8.1 percent.

Meanwhile, the major European markets all moved to the downside on the day. While the French CAC 40 Index tumbled by 2.0 percent, the U.K.'s FTSE 100 Index slumped by 1.0 percent and the German DAX Index slid by 0.8 percent.

In the bond market, treasuries came under pressure in reaction to Powell's remarks. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.3 basis points to 3.802 percent.

Looking Ahead

Trading on Tuesday may be impacted by reaction to reports on activity in the manufacturing sector and job openings.

OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!

https://www.metastock.com/products/thirdparty/?3PC-ADD-VRIS

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. 

In response to these criticisms, Disney CEO Bob Iger has said that: 

  • 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

https://tinyurl.com/24sh92xa

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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