Monthly Archives

March 2017

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Stocks Have Partied Hard Since Election Night… Now Comes the Hangover

The market is now on very thin ice.

Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today.

The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line).

More concerning for the bulls: bank stocks, which lead to the upside, are now leading to the downside. It looks as though the ENTIRE move in the markets since election night is going to unwind.

This is a major wake up call, I hope you’re paying attention. The markets have rallied on hype and hope of the economy roaring back to life… but that’s not coming for another 12 months (at the earliest.

Stocks partied hard starting election night. Now comes the hangover.

On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.

In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

We are giving away just 99 copies of this report for FREE to the public.

We’re down the last 9.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

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How To Trade The Health-Care Vote

(Original Link | ZeroHedge)

The Trump administration faces a major legislative test today with the health-care vote, and for those attempting to trade the event, Bloomberg’s Cameron Crise notes that risk-takers need to ask themselves two questions

1) Do I have an edge?

At this point the vote is too close to call. Unless you have someone in DC counting votes alongside the whip, the honest answer is almost certainly “no”

2) Does this vote matter?

On any sort of strategic macro basis, the answer is also probably “no.” Sure, if you manage health-care stocks, today is a big deal. Other than that, the failure or passage of the vote ultimately will say little about the prospects for tax reform, which is the issue of most concern to financial markets.

Health care was always going to be a contentious issue, with both moderates and hard-core conservatives having reservations about the bill (for very different reasons). Tax reform is something that most of the GOP can get behind, on the other hand, even if some of the details have yet to be determined.

Moreover, there is a relatively low expectation among investors that tax reforms will pass this year. An implied delay from a health-care failure should increase the discount factor on tax reform only slightly.

In any event, the results of the vote are likely to come after U.S. markets close, so it seems as if we should prepare for a day of headline-watching that should provide plenty of noise but probably little signal.