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Afternoon Note

Pins and Needles

By Charles Payne, CEO & Principal Analyst
10/10/2019 1:37 PM

The market remains on pins and needles, although, its looking better than last night when after the close reports of China playing hardball sent the Dow off more than 300 points in after hours trading.

I’m already on record saying President Trump will push off higher tariffs scheduled for next week, and delay new tariffs scheduled for December 15.  With the news Trump is meeting China’s Vice Premiere, the stakes are even higher.

S&P 500 Index


Communication Services (XLC)


Consumer Discretionary (XLY)


Consumer Staples (XLP)


Energy (XLE)


Financials (XLF)


Health Care (XLV)


Industrials (XLI)


Materials (XLB)


Real Estate (XLRE)


Technology (XLK)


Utilities (XLU)


CPI lower than expected with these key highlights:



Overall, inflation continues to run well below the Fed’s target of 2.0%.  Don’t underestimate the Fed cutting 50 basis points this month.  While all eyes are on trade talks, longer term, the Fed is significantly more important – with the golden money machine capable of putting four billion dollars into society and taking it back.

United States Inflation Rate




The facts are, as I see them, is that the Chinese are more into power at this point... They are more interested in seeing Trump bend than if their citizens are starving, they have killed off many in the past, so what is to prevent them from sacrificing a few more millions to ensure that they get to the top of the ladder in global power... This is not a battle of dollars, this is good versus evil, though evil never wins it is in its essence to do bad mo matter the costs...

Andrew B Newallo on 10/10/2019 10:11:16 PM

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