Trump’s Trade War Tweets, Buybacks And A Short-Squeeze
By: Dave Kranzler
GoldSeek.com
Friday, 8 March 2019
Someone last week suggested that Trump sees the stock market as the barometer measuring the success of his Presidency. I think his behavior, tweets, press comments, etc with respect to the stock market validates that assertion.
The Dow trended lower all week last after Monday’s close. Whenever the stock market faded from an early run-up or began a rapid sell-off, a Trump tweet or press statement would pop up proclaiming that the trade war negotiations were “progressing.” It seems, though, this manipulation tonic is starting to lose strength. The index of stocks with large buyback programs actually finished the week lower. But the “most shorted” stock index closed higher on the week again. This is why the SPX, Naz and Russell outperformed the Dow this past week.
Market tops are a process – While I’m getting impatient for this market to rollover, market tops are a process. This chart certainly provides something to contemplate:
The Rest…HERE
