Today a closing above 20775 will signal that the Dow Jones Industrials is still holding firm. We see this period into May as consolidation. We have technical support at 20147 level and technical closing support at 20702. ONLY a weekly closing below 20000 would confirm a more sustainable correction into May. Otherwise, expect choppiness. […]
After an early dip, Asia moved back to close with gains across the board. The Nikkei played with the 19k level for most of the day but eventually closed +0.25% firmer. The safe-haven bid continued into the European session with JPY trading back to the mid 110’s but will be interesting to see where […]
COMMENT: Sir, Growing up in Kentucky, I remember one of my friend’s fathers always grumbling, “I live in a Commonwealth. They are trying to make my wealth common!” Just another phrase for a “sharing economy”. Keep up the good work DK
John McCain was born in Panama, not the United States. There was the same question with Obama – was McCain really qualified to run for President if he was not born in the United States. He confirms his birthplace on this propaganda message he made for his captures. They criticized Trump for saying he does […]
QUESTION: With the Netherlands voting against Wilders, do you think the tide is turning? Will Europe survive? ANSWER: It may have been a huge sigh of relief for the global socialists/progressives with the loss of Geert Wilders on March 15th, but there is a clear undertone of rising discontent within Europe. Likewise, the AfD in Germany […]
In Canada, I was in a discussion with a socialist politician. I was shocked at the response to their view of the economy that everything you earned belonged to the state and they decided how much you were allowed to keep. This same attitude is displayed by the Canadian Revenue Agency (CRA). They have cleaned […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/03/Gowdy-Comey-3-20-2017.mp4
Having seen a 1% decline from the US session, Asia started weak and never looked back. The Nikkei lost over 2.2% with the JPY rallying into the 111’s. The session was already weak, but the added tension of the North Korean missile test certainly did not help matters. In Tokyo, the BOJ minutes were released […]
This is a press conference in its entirety from the committee investigating everything. Yes, there was no “wiretap” of Trump Tower. As I reported previously, that is old-school. So while the New York Times and the Washington Post are desperate to cover everything up and focus only on that single word to claim Trump […]
QUESTION: Hi Marty, Interesting attempt at the cycle analysis for a MAJOR earthquake. Why do you think they make these predictions, when they don’t properly understand the cycles? PF Last week, research based on a more complete earthquake record revised the return period of a quake to 291 years. The last was in 1717, exactly 300 […]
