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.......April 29 , 2017......Quick Hits For Saturday -1) Global Market Overview - April 2017 , Q-1 2017 , Trump Effect On US Stock Markets & Additional News/ Data To Consider ; 2) US Politics For Saturday Morning : First 100 Days For Trump ; StopGap Extension Signed By POTUS ; "DC Swampland " News ; Bannon Back In Good Graces ; Flynn Ties To Turkey Known Due To Background Check ; Additional Items To consider. 3) Europe In Focus : France Update - Presidency Race With Polling Data & News For Saturday ; Broader Europe Odds & Ends - EUCO Brexit Summit & Brexit News Items , Greece Economic Data , German Election Poll Data , Unemployment By Region ( 2016 ) , Additional Items To Consider.
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