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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (21023)6/16/2018 8:24:39 AM
From: richardred1 Recommendation

Recommended By
sixty2nds

  Read Replies (2) | Respond to of 33421
 
I personally don't think the economy is overheating and inflation is still under control.. The way I see it. Just from what I just posted about my personal AR loan. Homeowners with adjustable rate loans and adjustable home equity loans are seeing increased payments. IMO That makes you want to pay down debt faster. This if your able to with any windfall you might have received from tax cuts or bonuses workers many companies paid out via a lower tax rate. Housing- Based on home-building stocks which have undergone increased expense due to higher commodity cost. The US Housing market is already slowing, increased interest rates are part of the equation. Automotive- IMO that market is already slowing. Credit Card debt- I just love the new TV commercials I've seen about credit card debt.. I can't think of the company name airing them off hand, but they increase awareness about credit card debt. The one I've see. Stating by the time I pay off my credit card debt. I will basically be paying double from my purchase. I've also see similar commercials about student loan refinancing. I also see the new tariffs and purposed new ones slowing the economy and lowering inflation prospects. Oil- OPEC indirectly has to deal with US Oil & Gas independents now. IMO because they are a force now, especially with LNG exports ramping up. I also see the Saudis are upping their Cap-X exposure to natural gas. Petrobras has recently sold oil leases to pay down debt. IMO I see oil going lower down the road and lower food input cost if tariffs are fully imposed.

P.S. I believe such factors I mentioned will kick the US economy can down the road. If the IMF is worried about US fiscal policy then maybe they should establish a no tariff world economic forum summit for consideration. If the dollar stays strong. I think you will see more foreign investment in the US market.



To: elmatador who wrote (21023)6/19/2018 5:54:46 AM
From: John Pitera4 Recommendations

Recommended By
kimberley
roguedolphin
sixty2nds
toccodolce

  Respond to of 33421
 
The USD index is taking out some really significant resistance..... while the Eur/USD is again falling hard and
is breaking down below 1.15.....

Draghi shook up the markets with his impromtu press conference where he gave the ECB even more options.

so the USD and the Yen are the strong currencies..... the Yen being the classic flight to safety....

Currencies from the AUD, to the CAD, NZD, Mexican Peso, Swiss Franc ..... have all had really serious
sell offs the past week.. and the emerging market currencies, from Argentina, to the Turkish Lira to the
South African Rand... the Ruble are all under pressure....

The USD index on a daily taking out all kinds of Fibonacci resistance and looking to head higher...



JP