Tuesday the 15th Aug 2023 - Unstoppable Wazdan!, page-50

I think the “cool head” DOW means it tonight.

The news out of China today seems pretty disturbing for global trade.

Ho hum froth n bubble calloo callay US retail sales were up 0.7% in July compared to 0.4% estimated … that won’t please the Fed.

To Ossetian that “joy”, import prices rose 0.4% in July, the largest increase in a year, due to rising fuel and increased transport costs … that won’t please the Fed either.

The Nasdaq and to some degree the S&P will try to big note the strong retail sales in early trading but might run out of puff later in the day … retail sales won’t last if China tanks.

Probably way off but them’s my thoughts … for tonight anyhow.

Dex