I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may add a quick thought/impression.
If you, as I am, sift through tons of news throughout the day to stay informed then you may come to find these Quick Takes as a useful resource.
Japan’s Nikkei 225 Rises for 15th Day, Longest Run on Record
QT: Abe promised more free money via higher deficits and won re-election. Stocks ramped non-stop to create the most overbought conditions in Japan market history.
From Beijing to Rio de Janeiro, housing affordability is a challenge
QT: Easy money keeps pushing the affordability out of reach for the broader population in key cities.
Americans have more debt than ever — and it’s creating an economic trap
QT: Better hope the Fed doesn’t normalize rates.
Wall Street’s Biggest Stock Bull Says Momentum Signals Pullback
QT: RSI readings have been off the chart, especially for the $DJIA, but so far it has mattered none. Similar readings in the 90’s (sample of 1) produced an eventual tag of the 200MA. Currently this suggests and eventual 9% correction or so. The 200MA has not been yet tagged in 2017.
ECB Taper Promises to Set Off Ripples Across Many Markets
QT: Draghi tapering? Please. He’ll do it kicking and screaming if at all. But he’s running out of bonds to buy. What to do, what to do. We’ll know more on Thursday as markets want to know how much more QE they can count on.
US reportedly putting nuclear bombers back on high alert
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Keep keeping it real NT