Mid Cycle Crisis

Aug 1, 2019 | Daily Note

The big Fed day is behind us and Jerome Powell didn't give the market and President Trump all they wanted.  This is a "mid cycle" cut according to Powell and not new rate cutting cycle but the market doesn't believe him.  There is a risky pattern here wanting more stimulus more frequently after shorter and shallower dips.  

There are some new and pending DeMark Countdowns on bonds that are showing up.  I remain bearish on US Bonds from 7+ years.  

Adding a couple Index ETF put spreads today as a hedging idea.

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