Market Briefing For Wednesday, August 3

Financial dangers grow as more investors and analysts express concern. That's a bit unusual, as such sentiment usually occurs well into (if not after) a decline. So, as this has prevailed for some weeks now; it's even conceivable that this detached attitude has actually helped the market hold together; until the most recent break.

This break is led by Oil (now trying to stabilize as we've suggested likely) and the Yield Curve issues, which have profound implications if rates were to firm 'much'. At the same time, the geopolitical situation has not improved, and the lackluster or complacent behavior (not just towards markets but perhaps confronting extremism) has seen fits and starts too; which gives the enemy time to consolidate.

Even the flight attendants (one can get chatty on a flight with a bar and lasting near 9 hours) observed the degree of tension or at least apprehension that penetrates everyday life (in England from their reference), and having nothing to do with flying.

A mix of negatives for the market to deal with are considerable as we've explored, and will delve more into again.

We've felt all along that this would be the general time for more market woes; so it's not at all surprising. Now that I'm back perhaps we'll get a rally then new dive. The irony of the flight home was that I watched a movie: 'Money Monster'. Very appropriate as I wonder if they even knew that 'FNN' was an actual network before merging into CNBC. I smiled frequently thinking they could not indirectly be implying anything about pundit types on the tube, or the risks of algorithmic trading (quite tongue-in-cheek) as sure, the film has political and regulatory overtones; but the risk aspect fits well currently (as far as 'experts' not terribly worried until things fall apart; that's what makes this a very unique market scene, where even the optimists sound like pessimists).        

 

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Chee Hin Teh 8 years ago Member's comment

Thanks for sharing