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https://www.howestreet.com/2024/09/is-the-fed-rate-cut-a-warning-mark-leibovit/
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 closed higher on Monday and the Dow and S&P 500 posted record highs, although the gains were just marginal, as investors largely made cautious moves ahead of some crucial economic data and Fed speeches.
Reports on durable goods orders, new home sales and consumer confidence are likely to attract attention along with a report on personal income and spending that includes the Fed’s preferred inflation gauge.
The Dow ended up by 61.29 points or 0.15 percent at 42,124.65. The S&P 500 closed up 16.02 points or 0.28 percent at 5,718.57, while the Nasdaq settled with a gain of 25.95 points or 0.14 percent at 17,974.27.
The undertone was positive amid optimism about the outlook for the economy following the Federal Reserve’s interest rate cut last week. The Fed is expected to continue lowering rates in the coming months amid signs of slowing inflation even as the economy remains relatively strong.
The markets also benefited from a notable advance by shares of Intel, with the semiconductor giant jumping by about 3 percent. The rally by Intel comes after a report from Bloomberg said Apollo Global Management (APO) has offered to make a multibillion-dollar investment in the company.
Tesla rallied nearly 5 percent. Micron Technology claimbed almost 3 perent. Walmart, Amazon, Visa Inc., Exxon Mobil Corporation, Costco, Chevron Corporation, T-Mobile, Adobe, Linde, IBM, Comcast Corporation and Uber Technologies gained 1 to 2 percent.
Alphabet, Oracle Corporation, Bank of America, Merck and Wells Fargo closed weak.
In overseas trading, Asian markets turned in a mixed performance on Wednesday, with markets in Japan closed for a holiday.
The major European markets closed higher, with stocks recovering after a slightly sluggish start. The pan European Stoxx 600 climbed 0.4 percent. The U.K.’s FTSE 100 gained 0.36 percent, Germany’s DAX ended up by 0.68 percent, and France’s CAC 40 edged up 0.1 percent.
Companies are leaving California at an accelerating rate
In 2023, Tesla, Kenvue (proprietor of well-known brands such as Aveeno, Band-Aid, Benadryl, Tylenol, Visine, and Neutrogena) and over 90 other companies with more than 100 employees left California for other states.
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:
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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.
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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.
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Black Ariel in Little Mermaid
Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.
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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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