MrMiyagi wrote:New York Times saying Gary Cohn is not happy with Trump, may resign. This could tank the markets as he's the one looking into tax reform.
Cohn - we spiked down to the 50d SPX, RUT 200d, AND INDU 20d on the rumor.. now bouncing on the news.. NYT - rumour WH - news "he remains"
Last edited by fehro on Thu Aug 17, 2017 11:11 am, edited 1 time in total.
MrMiyagi wrote:New York Times saying Gary Cohn is not happy with Trump, may resign. This could tank the markets as he's the one looking into tax reform.
Cohn - we spiked down to the 50d SPX, RUT 200d, AND INDU 20d on the rumor.. now bouncing on the news.. NYT - rumour WH - news "he remains"
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ES 2440 is the point of control from last week, the big bulge in volume where the bottom was put in. Hard to think we would test that today., so thinking more down tomorrow then pause until someone says the right thing at Jackson Hole next week. Or maybe not as buried in the FOMC minutes was a line about equity markets being too high and subverting Fed policy. I would link to the article but it is buried in twitter somewhere. Regardless of some written opinion Fed speakers have been perfectly clear for several months that they will not save the market. Perhaps that was the panic this morning when it looked like Goldman's influence on the executive branch was about to get pulled. At least they still have Bill Dudley.