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clock Created with Sketch. 18/07/19
07:26
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Originally posted by paddington bear:
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Well here we are…..the S&P has broken down out of the up-slanting wedge I have been mentioning for the past couple of weeks. Now I know I should be celebrating but I have learnt over the past eighteen months or so that “they” have been able to thwart breaks in the market by being very aware of what is happening. So, I suppose I am just a wee bit cautious about claiming it is all over simply because there has been so much “pride” running on the performance of the market. Oh sod them - the S&P has broken down and the game is over. Now pass me that champagne!
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Along with the trade concerns, U.S. Treasury yields moved lower after data showed weakness in the housing market for a second straight month, even as mortgage rates have declined. "The housing starts were a little weaker but the building permits were definitely significantly weaker.
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