WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Paris

Paris

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. May 23 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Tuesday, May 16, 2017

Perception, Persuasion, Repetition and Opportunity

The amount of negative press coverage emanating from Washington in relation to President Trump since his election last November has been relentless and, at times, apoplectic. This is simply my unbiased observation, as I do not condone or condemn any of it.


So far, the equity markets have ignored the rants from the media and political opponents. The SPX is hovering at all-time highs, as shown on the following Monthly chart, and has gained 12.2% since the election, as shown on the percentages-gained graph below of the Major Indices.

Monthly SPX chart

Percentages-gained graph of U.S. Major Indices

On the face of it, it appears that the perception of equity markets, in general, is that it's "business as usual," regardless of all the roller-coaster (almost) daily "anonymously-sourced political revelations" (which may, or may not, have been fact-based truths and which have, so far, been perceived to be fairly minor in the grand scheme of things).

However, at the point when "minor" issues morph into "major issues" and are backed up by repetition and persuasion with the presentation of credible facts, you may, finally, see a major dent made in bullish market sentiment.

Until then, these "whiffs" of potential scandals don't seem to present enough of a major barrier to continued support for equities, and the "buy-the-dip" opportunists will likely continue to take advantage of the current tumultuous political environment.