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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: July 20, 2011
Market leaders continue to falter
The following chart shows a disturbing weakness in the 2 sectors which are supposed to be leading the stock market higher: Financials (blue line) and Semi-conductors (green) as compared with the S&P 500 (black). Weakness in these two sectors was … Continue reading
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John Taylor on the fate of the Euro and 2012’s “worse recession than 2008”
John Taylor, chairman and founder of FX Concepts LLC, discusses the outlook for the euro, gold and the prospects for a recession in the U.S. next year. Watch the Bloomberg clip here.
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