Does Trump’s team understand a Trade War with China?
QUESTION: How come nobody in Trump’s team can not explain to Trump that the Trade War with China will push the rates up? It looks very logical to me that [...]
Dow hits 20,504.41
QUESTION: Marty, you said the “main resistance stands for this week at 20505.” The Dow stopped today at 20504.41 and closed on the high. Nobody produced numbers like you do. The Dow goes up and the euro declines. I can connect the dots. Is this correct?
ANSWER: Correct. It is the capital flows and Europe is just not even discussed in mainstream media right now because they are far too busy always trying to undermine Trump in an outright war. Keep in mind that the 21,464 area is really the critical level during February. At this point, the Dow would have to close below 18,000 to sound any alarm bell. As I have been warning, domestic analysis just doe not cut it in this global environment.
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