• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 15 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 14 hours The United States produced more crude oil than any nation, at any time.
  • 14 hours How Far Have We Really Gotten With Alternative Energy
  • 13 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 1 day Bankruptcy in the Industry
Top Semiconductor Companies Control 98% of Global Market

Top Semiconductor Companies Control 98% of Global Market

The semiconductor foundry industry is…

Ferrari Hits €1 Billion in Profits Amid Luxury Market Boom

Ferrari Hits €1 Billion in Profits Amid Luxury Market Boom

Ferrari achieved a groundbreaking financial…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

The Markets are on a Knife Edge

All global asset classes are within a hair’s breadth of completely breaking down. 

The S&P 500 sits perilously on its neckline. Just below here there are a ton of sell stops that could pare 5% off the index very rapidly. The more volatile and leading emerging market ETF (EEM) has already broken this key level. Look also at the euro, which has been marching in almost complete lockstep with stocks. It has crashed through the 50 day moving average, and has so far struggled unsuccessfully to recover it. The flip side of all of this is the (UUP), a dollar long against a basket of currencies, which appears to have entered new bull market territory.

What positive surprise is out there that could possibly hold things out there for a few more weeks or months? I can’t think of one. What surprise negative is out there that could cause the whole house of cards to collapse. I can think of a dozen. Only Ben Bernanke has the power to stick his finger in the dyke, and right now he is keeping his hands in his pocket.

SPX

EEM

XEU

UUP

By. Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News