Talking heads are talking about sector rotations, sure there is a rotation, but into cash.

'Your current limitations or failures are the building blocks from which to create greatness. You can go where you want to go. You can do what you want to do. You can become what you want to become. You can do it all, starting now, right where you are.'

If you can't make money trading, all you have to do is change the rules.

Some of the best stock traders in the world are now over 90 % in cash. What are you doing?

'When in doubt; THINK.'

'The best way to predict the future is to create it yourself.'

Most people don't design their lives and the results are clear for everyone to see--most people are merely average. You don't need to settle for average. You don't need to accept your life for what it is. Because the choice to change is up to you.

As rates continue to rise, it is no surprise, a number of financial stocks are going higher. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities. With rates continuing to rise, banks could further benefit.

"Find something you would die for and live for it."

'Wall of worry is the financial markets’ periodic tendency to surmount a host of negative factors and keep ascending. Wall of worry is generally used in connection with the stock markets, referring to their resilience when running into a temporary stumbling block, rather than a permanent impediment to a market advance.'

Enjoy your wins while they last as always nothing remains too good for too long !

Have a great weekend!

The U.S. Department of Justice said it would discuss concerns that social media platforms are "intentionally stifling the free exchange of ideas".

https://www.tradingview.com/x/fNBBX48t/

Last week was tough for leading momentum stocks with most selling down as money rotated from growth stocks into more defensive names as well as stocks in the Dow Jones Industrials. Last week could be just the start of more volatility to come for the next few weeks.

Stocks traded sideways on this last day of August, wrapping up the week modestly in the green and leaving the S&P 500 higher by 8.5% year-to-date.

https://www.tradingview.com/x/XXZebHdj/

'It’s official. By one widely accepted definition, we’re now living through the longest bull market in US history. The S&P 500 marches on, now having gone a record 3,452 consecutive days without declining 20%. That beats the old record-holding bull market that ran from 1990–2000'

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

'Over 60% of Top 100 Cryptocurrencies have no working product, study claims'

https://news.bitcoin.com/over-60-of-top-100-cryptocurrencies-have-no-working-product-study-claims/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

'The interview has a good amount of solid professional information in it as it pertains to finding trading edges, successful system development, and proper money management, along with a number of pertinent topics that apply to all short-term traders.'

Even though Turkey is a small country, with global markets still on tenterhooks economically, could this provoke a domino effect?

With yet another country to face a currency crisis, this time in Turkey, the European Central Bank is getting increasingly concerned about the exposure of some banks in the region -- specifically from Spain, Italy and France. Meanwhile, Asian markets are selling off as the rout spreads. Perhaps Turkey will become another country to become bitcoinized, much as we have seen over in South America. 

Floored- Into The Pit HQ - Epic Market Trader Movie

"Last Friday, online reports indicated that gunfire had been heard for roughly 40 minutes in Beijing near the Second Ring Road."

The South China Morning Post (SCMP) recently shared the following (emphasis mine):

 

In an opinion piece published on Wednesday by People’s Court Daily, Du Wanhua, deputy director of an advisory committee to the Supreme People’s Court, said that courts needed to be aware of the potential harm the tariff row could cause.

 

“It’s hard to predict how this trade war will develop and to what extent,” he said. “But one thing is sure: if the US imposes tariffs on Chinese imports following an order of US$60 billion yuan, US$200 billion yuan, or even US$500 billion, many Chinese companies will go bankrupt.”

 

As Chinese courts have yet to have any involvement in the trade dispute, the fact that the newspaper of the nation’s top court, ran an opinion piece – for a judiciary-only readership – suggests concerns might be rising in Beijing about the possible socioeconomic implications of the row.

 

There’s also been a number of reports (so far, unverified) over the last few weeks of serious trouble brewing within the party. Geopolitical Futures recently shared this.

 

Last Friday, online reports indicated that gunfire had been heard for roughly 40 minutes in Beijing near the Second Ring Road. The reports claimed it was a violent spasm by groups that sought to overthrow Chinese President Xi Jinping. The following day, French public radio reported it had heard rumours that former Chinese leaders, including Jiang Zemin and Hu Jintao, had allied with other disgruntled Chinese officials in an attempt to force Xi to step down. A Hong Kong tabloid went so far as to suggest that Wang Yang, chairman of the Chinese People’s Political Consultative Conference, might be the compromise leader next in line.

 

It’s impossible for us to know if there’s any truth to these rumours (China keeps a tight lid on these types of things) but just the fact that they’re circulating are indication of growing unease with the state of the Chinese economy. And it may be why we’re seeing this policy 180 by the CCP.

 

We also don’t know if this easing will be enough to reverse the negative trends kicked into gear by the initial deleveraging nor do we know how long and aggressive the CCP will be in this round of easing. All we know for sure is that however they choose to carry out policy will continue to have an outsized impact on markets and the global economy.

 

For our part, we just have to keep a close eye on the data and change up our positioning to account for the new uncertainty created by this shift back to easing.

 

Two important data points we’ll want to watch in order to gauge the scale of the current easing response are fixed asset investment (ie, infrastructure spending) and China’s M1 money supply (which has a close leading correlation to changes in industrial metal pricing).

Are you doing well ?

Trade wars continue.

'Trade wars are never bullish for markets. Any further escalation would be a major headwind for markets along with the future direction of interest rates. The Federal Reserve continues to take a hawkish stance of further rate hikes ahead, but the headroom for higher rates is diminishing, thus QT may have to once again become QE, or worse, an outright devaluation of fiat across a number of currencies based on the long term debt cycle which Ray Dalio of Bridgewater has discussed at length' 

Don't let the summer doldrums lull you into laziness. The trade issues between the US and other countries is liable to worsen before agreements are reached. This could cause a continuation of the current correction which, at just a few percent, has so far been mild.