Marc thinks that the consensus for higher in the near term and over the course of this year is probably incorrect. He sees a marked correction and the possibility of finishing the year in negative territory. Of course I would concur with that sentiment and note yesterday’s breakdown from the current rising wedge formations together with last week’s VIX market sell signal could signal that such a correction has either started or may be on the way soon.
His long range outlook has not changed – he sees the eventual demise of our current dollar system. Of course anyone who owns a pocket calculator can figure that out, if only they are brave enough to face the mathematical truth. (ht Keith Hoops)
Economic News , Data & Views .... January 23 , 2017 ...... Quick Hits For Monday -1) Markets : Asia Economic Highlights & Market Moving News ; US Markets - US Stock Indexes Modestly Down for Monday , Gold Up 5 Dollars , While Oil Off 47 Cents today , Bonds Catch Strong Bid Today ; Additional Items Of Note. 2) US Political Update For Monday - Appointments , Confirmation Hearings , Executive Orders Signed , Additional Items Of Note. 3) Europe In Focus - Key Matters For Monday From Germany , Greece , UK , France , Italy & More. 4) MENA Updates - Iraq - Mosul Updates & Additional News For Iraq , Syria State Of Play , Libya Items For Monday & Turkey Items De Jour.
23 minutes ago