On a global scale of epic proportions, the deflationary vortex is back. Look at bonds in Austria, Germany and Switzerland. LOOK AT THEM.
Now look at the Italians. We have divergence.
Futures are sharply lower — but I’m twisted in knots over the simple fact that stocks do not trade lower on Fridays.
Here are all of the Fridays for 2019, thus far.
Nasdaq % change
3/15 +0.76%
3/8 -0.18%
3/1 +0.83%
2/22 +0.91%
2/15 +0.61%
2/8 +0.14%
2/1 -0.25%
1/25 +1.29%
1/18 +1.03%
1/11 -0.21%
1/4 +4.26%
8 up Friday’s to just 3 down.
In other news, Maria Bartiromo interview Trump today.
— Donald J. Trump (@realDonaldTrump) March 22, 2019
Same China FUD news.
Happening now: @realDonaldTrump @POTUS – "there is no snag in china negotiations. I think we will get a deal." @MorningsMaria @FoxBusiness "the Europeans charge us eirse than china."
— Maria Bartiromo (@MariaBartiromo) March 22, 2019
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Bought XHB puts expiring today and April monthies
It hurts my brain that the Giant Cheeto still does not grasp what a tariff is, and who pays a tariff.
Fly, your “big-assed white candle” from yesterday burned your butt.