Tonight, in a mostly ceremonial custom, Judge Brett Kavanaugh is sworn in as an Associate Justice on the Supreme Court at the White House. It is anticipated that President Donald Trump and Justice Kavanaugh will deliver remarks. Approximate start time 7:00pm EST
UPDATE: Video Added
WH Livestream Link – Fox News Livestream Link – CNBC Livestream Link
Today President Donald Trump is visiting Florida and delivering remarks at the International Association of Chiefs of Police Annual Convention. The venue is the Orange County Convention Center in Orlando, Florida. Remarks scheduled for 1:30pm
UPDATE: Video Added
WH Livestream Link – Fox News Livestream Link – PBS Livestream Link
QUESTION: Mr. Armstrong; I cannot tell you how much I respect your work and your computer. It is so obvious that you have been correct on every market. Even last year at the WEC you warned that interest rates would continue to rise and the stock market would not Crash and Burn. My hat is off to you. My question is we are approaching that number —— you gave at the WEC for the breakout in interest rates. We should expect rates to rise despite the fact that Trump has said the Fed is raising rates too fast?
Thank you
See you in Orlando
UT
ANSWER: Everything is connected. You push on one domino and its forces all the others to fall in their time and place. This is the difference between a domestic analyst who forecasts based upon his opinion and a global perspective that is shaped by trends.
Treasury 10-year yields rose the most since February as stronger US economic data added to the case for reduced stimulus measures from the Federal Reserve. Trump’s tax breaks, despite what the Democrats say, are the reason behind the strength in the economy. In fact, a correlation of tax decreases with economic activity increases in growth is 100% spot on. Raise taxes and people have less to spend and then economic growth declines. It does not take a Nobel Prize to figure that one out.
Emerging-market stocks have tumbled 4.5% in the five days last week, which was their worst performance since February. The dollar has rallied despite everyone saying it was crash. Let me make this perfectly clear: The dollar’s rally will continue overall. The Fed will continue its policy of gradual interest-rate increases at least through the end of 2019 and probably into 2020. Meanwhile, the rise in US rates will FIRST cause tremendous problems in Emerging Markets and then in Europe, followed by Japan. There is no getting away from this trend.
Today President Donald Trump is visiting Florida and delivering remarks at the International Association of Chiefs of Police Annual Convention. The venue is the Orange County Convention Center in Orlando, Florida. Remarks scheduled for 1:30pm
UPDATE: Video Added
WH Livestream Link – Fox News Livestream Link – PBS Livestream Link
QUESTION: Hello Mr Armstrong
I have been following you now for a couple of years, since the movie the forcaster, it showed me exactly whats is happening in the world and how little I know about finaces and trading. I am a blue collar worker in Canada with a small pension, how can I or where should I go to learn how to trade? Better yet how to use Socrates or someone who can help me or invest for me?
Your work has opened my eyes and also scares the hell out of me for what is coming.
Please can you help me and the other little guys who not as educated?
Thank you
ANSWER: What you want is not to short-term TRADE but to be a position trader. People who try to trade back and forth usually get caught up in emotions and end up losing money. What you want is to POSITION TRADE for the long-haul. Here is what happens just using the Long-term Reversals only – not even every single one. Sure, you leave some on the table. The important thing is to reduce the number of trades and your confidence will increase and you will actually make more at the end of the day.
Right now, we are still in this consolidation phase, yet this is still a cycle inversion. We have not elected any Monthly Bearish Reversals at all so you just stay with the trade. The exit point keeps rising as the market rises. You can use the Weekly to Exit after a long bullish run. But for now, just hang tight. We may have the greatest trade on the century knocking on the door very soon.
The new Trade Agreement between Mexico and Canada (USMCA) and the United States over which Trump has been so criticized for was obviously necessary from a number of perspectives. The new USMCA is drafted as a new stand-alone trade agreement, rather than amendments to NAFTA. It includes transition provisions dealing with NAFTA, some modifications to those provisions taken from NAFTA, and a dozen new chapters. Whereas NAFTA included 22 chapters, the new agreement has 34. Beyond the criticism, the new chapters include those on labor, the environment, digital trade, and macroeconomic policy. The USMCA also includes annexes covering alcohol and proprietary food formulas as well as bilateral side letters on distinctive products, auto safety standards, biologics, cheese names, wine, water, research and development expenditures, and Section 232.
There were different safety standards everyone was using and then NAFTA did not include anything to do with the INTERNET and the new digital era.
QUESTION: Hello Mr Armstrong,
I read your blog since many years (i live in France) and i’m really impressed by Socrates … You have said that the $ will going to rise against the € and it’s exactly what’s happened !!
You have said that the Dow Jones will rise into 26 000 points and will go on into 40 000 points and the Dow rise since the elction of Trump and we are going to live what Socrates has predicted !!
INCREDIBLE because all the interview and news that i have seen were going to explain that it will be the contrary. Is it the slingshot which is going to happen ? Are we waiting the rise of the Gold before to have the final signal ?
You have always said that the Gold, the $ and the Dow will rise together when the slingshot will begin … are we to this moment ? or is it too early ?
Thanks Mr Armstrong and good things to you and your team.
LB
ANSWER: Absolutely everything is connected. If you get one right, then the rest must follow. It is really impossible to have one market moving opposite of everything else. It is sort of like the world is in a Great Depression and it is impossible for one politician in one country to reverse the trend of the world. So the world economy is very much like a set of dominoes. It is impossible to reverse the trend and it just has to play out. We are not yet ready on the gold. As you can see, gold has been declining in dollars as well as euros. The markets have been consolidating waiting as people are trying to figure out if this the big crash or not. The majority keep calling for the end of times. This has been the MOST hated Bull Market in history. They keep calling for the crash ever since 2009.
National Economic Council Chairman Larry Kudlow appears on Sunday Morning to talk about the U.S.MCA agreement; the state of the economy; and the ongoing MAGAnomic efforts within restructured trade deals.
Ms. Maria Bartiromo knows the weeds, and is smart enough to see the new dimension within an economy as it moves away from Wall Street toward Main Street. Kudlow discusses the surfacing MAGAnomic evidence within wage growth and blue-collar benefits. The conversation then goes international. Good discussion.
The Koala even gets a little cross about China…
In Part II of the Chairman Nunes interview today, Maria Bartiromo discusses the state of the economy, the downstream political consequences from the Kavanaugh smear job, and the mid-term elections.
QUESTION: Do you concur with the IMF WARNING?
RKC
ANSWER: The IMF said: “No financial regulatory framework can or should aim to reduce the probability of crisis to zero, so regulators should remain humble.” What the IMF is warning about is the risk of interest rates rising and countries who have borrowed in dollars are presenting a major Emerging Market Debt Crisis. Then we have the two-fold risk is the currency and the interest rates. Many others have borrowed but with floating rates. Our model is warning that rates are going to more than DOUBLE. In the face of that probability, we are looking at a very distinct and unique type of debt crisis.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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