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Fed Rate Cut – Too Little, Too Late, As Trump Hikes Tariffs
08-05-2019, 11:23 AM,
#1
Fed Rate Cut – Too Little, Too Late, As Trump Hikes Tariffs
Fed Rate Cut – Too Little, Too Late, As Trump Hikes Tariffs

We had also warned previously the current extension of the market, combined with overbought conditions, was due for a reversal. That reversal has indeed begun, and short-term sell signals have been triggered.“As we have noted over the last few weeks, the very tight trading range combined with negative divergences also does not historically suggest continued bullish runs higher without some type of corrective action first.”This past week, a disappointing cut by the Fed, and increased tariffs on China from the White House, provided the catalysts needed for a very quick market rout.Again, this is something we discussed over the last couple of weeks with our RIAPRO subscribers previously (30-Day Free Trial). The analysis led us to previously trimming our long positions slightly, and increasing our cash holdings, heading into the Fed announcement.Read the entire article
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