We use terms like “Mini-Crash” sparingly. But, with Dow Futures down more than 1,100 points, Techs own more than 700 and even the (semi-rational) S&P down over a hundred, here are the major features of our work that matter. (Thank a Peoplenomics subscriber for making this possible…)
First, with Smoot Hawley Tariff’s in full rhyme, the 1929 track should be clear to even the most thick-headed of the financial press.
Not to completely sour the cornflakes, but it’s even worse when we align the possible top with the premarket futures action:
And for those interested in POSSIBLE Elliott wave configurations, here’s the immediate problem:
We can quibble about the minuette wave structure all day. But our recent remarks about “sitting on our hands – and cash – seem now to be reasonably useful.
Early reaction was muted in BTC but gold was softening (-$14). The Futures board over at FinViz was – in newsroom parlance, bleeding all over the place earlier.
We aren’t the only ones on watch. Take Trump’s tariffs amount to ‘worse than worst-case scenario’ as investors brace for stock-market beatdown – MarketWatch as in a similar vein.
There are two reports here on Urban today. The second one will be along later. Because there Challenger Job Cuts won’t be out under 7:30 local time, But I wanted to help you contextualize the “parilosity” of America’s predicament straight-away.
Because in real-life, we never like to loose real money.
Write when you get rich,
George@ure.net
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