Jump to content
Sign in to follow this  
aussiebear

World Stock Markets Trading Discussion - Grudging gains

Rate this topic

Recommended Posts

If Trump doesn't end this stupid shutdown it is going to wildly distort the Treasuries cash balance, to the upside, unless they  curtail borrowing.  Not to mention lower economic statistics to the downside.  Tens or hundreds of billions sitting in the Treasuries account don't do squat for the economy. I doubt even Trump is  enough of a megalomaniac  to allow that but one never knows.  Irrelevant to the markets for the time being in any quantitative way but the failure of governance is weighing on 'confidence'.

Share this post


Link to post
Share on other sites

No material change in cash balance yet.  I don't think that the reduction in Federal spending will have a material economic impact unless social security payments don't go out.  It's not the change in the cash balance, but the lack of spending that would have the impact. The cash balance is just the corrolary reflection of the lack of spending.  It should start to show up in a big way around the third week of the month.  

Share this post


Link to post
Share on other sites

All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords coughed up a furball, closing -1.5% for the day.  All sectors were down led by Energy -2.6%, Telecomms -2.5% and Consumer Discretionary/Financials -2%.

Blood in the street in Asia: China -1.2%, Hong Kong -2.8%, India currently -1.3%.

Off the cliff in UK/Europe: FTSE -1.7%, DAX -1.6%, CAC -2.6%.

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

Share this post


Link to post
Share on other sites

And as the early risers on the East Coast awaken, they are covering their ES shorts, driving it from down 50 to down 35. 

Share this post


Link to post
Share on other sites

Now down 29. This has been the typical pattern overnight. Foreign selling early. Then Europe starts covering as US traders begin to come online. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×