Month: June 2019

Well, that’s that…

Anyone who was clinging to hopes of a US/China trade deal at this weekend’s G-20 meeting just woke up to find…

1)   President Trump is already talking about hitting China with MORE tariffs if talks fail.

2)   China demanding that the US lift its ban on Huawei as part of any trade agreement.

Regarding #1, this is a clear signal that no deal is coming.

Why?

Because China’s leadership will never sign a deal that makes them look weak.

In the context of the President’s threat of more tariffs, signing a deal this weekend would make China’s leadership look fearful. So forget about China coming to the table interested in signing a deal.

Regarding #2, the Chinese telecom Huawei is one of the greatest national security threats to the US. The company has already been implicated in a slew of crimes/ security issues ranging from spying on customers to stealing trade secrets.

With that in mind, the notion that President Trump would even consider allowing Huawei to gain access to US markets is ludicrous. China might as well ask the US to change its currency from the US Dollar to the Yuan.

Put simply, NO DEAL is coming this weekend at the G-20. Both sides have made it clear they have no interest in reaching a deal.

The bond market has been telling us this since January…

While stocks have rallied on hype and hope of a trade deal, bond yields have plunged signaling that there will be no trade deal and that the global economy is rolling over.

So while stocks might hold up for a few more days, starting next week, a Crash will begin…

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Stocks are rallying hard this morning based on the fact CNBC misquoted the Treasury Secretary.

Let that sink in for a moment.

Treasury Secretary Steve Mnuchin said, “we were about 90% of the way” done on the China deal… in reference to what happened in early May.

CNBC quoted him as saying “we are about 90% of the way” done on the China deal as though the US and China are making progress on a deal today.

Stock futures spiked on this misquotation… which only confirms that the US/ China trade deal remains the single most important issue for the stocks in the near-term.

This means we are in for a VERY volatile week as US/ Chinese officials are scheduled to meet this weekend at the G-20 meeting in Osaka Japan. So expect more misleading headlines such as the one I just mentioned.

However, the sad reality is that a successful trade deal is impossible.

China will NEVER accept a deal that makes its leadership look weak. This means a hard “NO” on anything related to IP theft, tech secrets, or financial repercussions for violating the agreement.

Conversely, the Trump administration has made it clear that it’s more than willing to play “hardball” on this issue. The President himself is framing it as a central theme for his 2020 re-election campaign.

Which means…

Stocks will likely hold up into this weekend, but after that, expect the US to implement higher tariffs on Chinese goods and China to return with a similarly aggressive tactic against the US.

Deep down, the stock market knows this, which is why the single most important chart, showing the breadth of the NYSE (the largest stock market) is forming a rising bearish wedge.

Whenever this wedge formation breaks down, the rally is OVER and the stock market will retest the December lows.

After that, the Crash hits…

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Stocks are rallying hard this morning based on the fact CNBC misquoted the Treasury Secretary.

Let that sink in for a moment.

Treasury Secretary Steve Mnuchin said, “we were about 90% of the way” done on the China deal… in reference to what happened in early May.

CNBC quoted him as saying “we are about 90% of the way” done on the China deal as though the US and China are making progress on a deal today.

Stock futures spiked on this misquotation… which only confirms that the US/ China trade deal remains the single most important issue for the stocks in the near-term.

This means we are in for a VERY volatile week as US/ Chinese officials are scheduled to meet this weekend at the G-20 meeting in Osaka Japan. So expect more misleading headlines such as the one I just mentioned.

However, the sad reality is that a successful trade deal is impossible.

China will NEVER accept a deal that makes its leadership look weak. This means a hard “NO” on anything related to IP theft, tech secrets, or financial repercussions for violating the agreement.

Conversely, the Trump administration has made it clear that it’s more than willing to play “hardball” on this issue. The President himself is framing it as a central theme for his 2020 re-election campaign.

Which means…

Stocks will likely hold up into this weekend, but after that, expect the US to implement higher tariffs on Chinese goods and China to return with a similarly aggressive tactic against the US.

Deep down, the stock market knows this, which is why the single most important chart, showing the breadth of the NYSE (the largest stock market) is forming a rising bearish wedge.

Whenever this wedge formation breaks down, the rally is OVER and the stock market will retest the December lows.

After that, the Crash hits…

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Stocks are rallying hard this morning based on the fact CNBC misquoted the Treasury Secretary.

Let that sink in for a moment.

Treasury Secretary Steve Mnuchin said, “we were about 90% of the way” done on the China deal… in reference to what happened in early May.

CNBC quoted him as saying “we are about 90% of the way” done on the China deal as though the US and China are making progress on a deal today.

Stock futures spiked on this misquotation… which only confirms that the US/ China trade deal remains the single most important issue for the stocks in the near-term.

This means we are in for a VERY volatile week as US/ Chinese officials are scheduled to meet this weekend at the G-20 meeting in Osaka Japan. So expect more misleading headlines such as the one I just mentioned.

However, the sad reality is that a successful trade deal is impossible.

China will NEVER accept a deal that makes its leadership look weak. This means a hard “NO” on anything related to IP theft, tech secrets, or financial repercussions for violating the agreement.

Conversely, the Trump administration has made it clear that it’s more than willing to play “hardball” on this issue. The President himself is framing it as a central theme for his 2020 re-election campaign.

Which means…

Stocks will likely hold up into this weekend, but after that, expect the US to implement higher tariffs on Chinese goods and China to return with a similarly aggressive tactic against the US.

Deep down, the stock market knows this, which is why the single most important chart, showing the breadth of the NYSE (the largest stock market) is forming a rising bearish wedge.

Whenever this wedge formation breaks down, the rally is OVER and the stock market will retest the December lows.

After that, the Crash hits…

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Well, that’s that.

The markets surged on the Fed announcement of NO rate cuts because the market now believes the Fed is GUARANTEED to make a MASSIVE cut in July.

The S&P 500 (blue line in the chart below) hit our upside target for this rally, catching up the breadth (black line in the chart below). We might finish the week around here, but going forward anyone going long is effectively “picking up pennies in front of a steamroller.”

Between their expectation of a MASSIVE rate cut from the Fed in July… and hype and hope of a trade deal between the US and China at the G-20 next week, the markets are primed for MAJOR disappointment.

Look, let’s face the facts…

The Fed did NOT promise a rate cut yesterday. It removed the word “patient” from its statement and stated “uncertainties about this outlook [strong growth and 2% inflation] have increased…”

Nowhere… and I do mean NOWHERE did the Fed say a rate cut was coming. Fed Chair Jerome Powell himself didn’t even hint at a rate cut during his Q&A session stating that “we’d like to see more going forward” before changing course.

Meanwhile, the markets are SCREAMING that the economy has rolled over. The bond market is telling us the S&P 500 should be 17% lower today.

Ignore this all you like, but bonds were right in December… and they’re going to be right again this time.

Which means…

A Crash is coming…

Those investors who take the right steps to prepare for this, will make literal fortunes.

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Well, that’s that.

The markets surged on the Fed announcement of NO rate cuts because the market now believes the Fed is GUARANTEED to make a MASSIVE cut in July.

The S&P 500 (blue line in the chart below) hit our upside target for this rally, catching up the breadth (black line in the chart below). We might finish the week around here, but going forward anyone going long is effectively “picking up pennies in front of a steamroller.”

Between their expectation of a MASSIVE rate cut from the Fed in July… and hype and hope of a trade deal between the US and China at the G-20 next week, the markets are primed for MAJOR disappointment.

Look, let’s face the facts…

The Fed did NOT promise a rate cut yesterday. It removed the word “patient” from its statement and stated “uncertainties about this outlook [strong growth and 2% inflation] have increased…”

Nowhere… and I do mean NOWHERE did the Fed say a rate cut was coming. Fed Chair Jerome Powell himself didn’t even hint at a rate cut during his Q&A session stating that “we’d like to see more going forward” before changing course.

Meanwhile, the markets are SCREAMING that the economy has rolled over. The bond market is telling us the S&P 500 should be 17% lower today.

Ignore this all you like, but bonds were right in December… and they’re going to be right again this time.

Which means…

A Crash is coming…

Those investors who take the right steps to prepare for this, will make literal fortunes.

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.

Today is the last day this report will be available to the general public.

To pick up one of the last remaining copies…

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research