The Phaserl


Stocks and Precious Metals Charts – Snap Crackle and iPlop

from Jesse’s Café Américain:

Disney missed after the bell.

The Snapchat IPO is lumbering towards the market.

Sometimes they do ring a bell.

The precious metals were off a bit, but held their ground fairly well.

There has not been much in the way of economic news.

The Street is only going to be able to carry this market while the organic volumes remain low, and the bulk of the trading continues to be milliseconds worth of spoofing and arbitrage. That sort of ‘liquidity’ melts in the face of real selling.

Trump is going to own the next financial crisis. He is setting himself up for it rather tidily, whether he deserves it or not.

Have a pleasant evening.

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