Trump is angermented over the Fed weaponizing interest rates. Good luck seeking change there.
US Pres Trump: Doesn't Like What The Fed Is Doing.
'I Think We Don't Have To Go As Fast On Rates'
'We Don't Have A Problem Of Inflation'
— LiveSquawk (@LiveSquawk) October 9, 2018
The main problem with stocks is small caps, evidenced by weakness in Russell. It should be noted, the Exodus Quant saw this coming and is position in $100b+ stocks.
The manner of this decline is deleterious and bound to hurt the bullish feelings of optimistic traders. To get a true bottom, we require panic and then apathy. This decline is different from the others, because of its stubbornness.
I stepped in at the bell and bought YINN, hoping for a sharp rebound at the open. I use the word ‘hope’ deliberately because no one really knows when the selling will stop. The only thing we can control is the methods and manners of playing the market. I choose to do it carefully and with discipline; but when I buy the blood, as is the case now, I do it with zeal.If you enjoy the content at iBankCoin, please follow us on Twitter