Daily Note

Mid Cycle Crisis

Aug 1, 2019

Thomas Thornton

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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