Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with commentary 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.
Bottom Lines:
Election- Trump wins, but no sweep means no aggressive changes
Bull/Bear- Jumps closer to sell signal
Sell Signal Needs: More cash deployed, big jump in “OB” Technical indicator, money into EM Bonds (“and” presumed)
China Stimulus- in play by traders, RIAs still skeptical re: Tariff concerns (see election)
ABB/ABC: Alive and well/ being unwound
Additional Analysis:
13:19— How The Fed Bribed Banks to not make loans
Related: US Banks Reap $1tn Windfall from Fed’s Reverse Repo.
29:30—Why are Tariffs Inflationary?
