Tuesday , 20 November 2018

White House Warns Wall Street Of An Impending Downside – Take Heed

US Commerce Secretary Wilbur Ross just said “There will be some hiccups along the way.” Hiccups?… That’s not very bullish. We need to take heed.

This version of the original article by Chaim Siegel has been edited for length (…) and clarity ([ ]) by munKNEE.com to provide a fast & easy read

Those are some very strong words as. We don’t remember the White House ever warning Wall Street for an impending downside. Anybody remember that? That makes it tough to be bullish…

For now, we see stocks in a technical downtrend over the last week or so and the macro news is confirming that downtrend. We don’t have positive earnings news to save the day for about another two weeks so the trend looks down ahead.

Conclusion

When the White House flat out tells you to watch out…[for a stock market correction] I think it’s fair to take heed…

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