iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,705 Blog Posts

A Witches Brew of Fuckeries This Morning Should Send Stocks Higher

Trump tweeted things were going well with China.

The NFP numbers were weaker than expected, providing the Fed with cover to pause.

WTI is blasting off on supply cuts.

The 15-member OPEC cartel was targeting a cut of roughly 800,000 barrels per day and asking allies to cut 400,000 bpd, Reuters reported. Meanwhile, sources told Down Jones OPEC was considering cutting 750,000 to 800,000 barrels per day and asking partners to contribute enough to bring the reductions to 1.3 million bpd.

Futures were a lot weaker, but now they’re only -30 after fair value.

My hunch is for higher prices today. My only reservation is the fact that today is Friday and MARKETS DO NOT FUCKING BOTTOM ON FRIDAYS.

That being said, today looks like another day where you should trade lightly and not get roped into the mood of the moment — because it’s fleeting, unreliable, and changeable.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. bronze28

    YES… HIGHER….. for half hour.

    what a bordello!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. oilerua

    we test 19000 , before we go back & higher again . with trump subpoena and shit . write it down .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. oilerua

    going into election with trump indicted + pence + house minority , will be a big pain in the ass. everything been designed before happening ( now )

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. oilerua

    add in a pretty big ( bigger then before ) european turmoil going into mid-2019

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply