same in ca…haters gonna hate
Like wilbur ross, elaine chao, and a host of others. Friends close, enemies closer.
China, Chips, CAT, Crude, Copper, & Crypto All Clubbed…
So… apart from China's Industrial profits collapsing, CAT earnings crashing, NVDA's outlook crushed, The ECB talking back up QE as the EU economy is clubbed like a baby seal, and US earnings expectations at 6-month lows, "all is well"…
China's Industrial Profits plummeted overnight, and stocks did not see the "good" news in that bad news…
Yuan spiked to 6-month highs (after a big strengthening of the fix) before tumbling back weaker on the day
European markets opened weak , bounced briefly and then weakened into the close. UK's FTSE is down 5 days in a row…
As European banks rolled over hard, unable to sustain any gains…
US Futures were weak from the open last night and as CAT and NVDA hit (The Dow and Nasdaq most respectively), markets legged lower into and across the open.
Trannies managed to scramble back to unchanged as China talks headlines were dropped yet again…
Dead CAT did not bounce..
Caterpillar Inc. (CAT)
NYSE - Nasdaq Real Time Price. Currency in
124.36-12.50 (-9.13%)
Nvidia was clubbed like a baby seal…Nvidia was clubbed like a baby seal…
138.01-22.14 (-13.82%)
The market is running out of short-squeeze ammo… cap 3
Gold futures pushed above $1300 and held it..
Live Gold Price
Jan 28, 2019 16:08 NY Time
US Dollar
1,303.50Bid
1,304.50Ask
High: 1,304.80
Low: 1,296.90
+0.90 +0.07%
graphics at link
_______
Not much here after morning gap down.
Threw a lot at it on the close to keep it above the recent low..cap 2 solid line.
Volumes pathetic again. Nothing new there.
https://www.zerohedge.com/news/2019-01-28/china-chips-cat-crude-copper-crypto-all-clubbed