The Daily Market Catch
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The One Big Thing
In case you missed it last week: Market Thoughts: When Is It Safe To Buy?
|Oct 2nd: I believe we now chop and drop into the 9th and then move higher after that into FOMC on the 31st.
Global Industrial Production Slowdown in one chart:
Curious: this only happened one other time: December Market Bottom 2018 – Rydex Bears Come Out Of Hibernation
My Intermarket Analysis work said the Monday Massacre was not a one-day wonder but will continue. It continued today! Here were the Top 10 Decliners by Volume- just by Noon-time ET!
♥ Honorable Mention: Fading The Pop in Netflix with short price target of $275 HIT. It even closed there 😉
Top Reads / Videos
John Authers in his recent Points of Return Bloomberg Opinion article highlights his chat about the book, The Case for the People’s Quantitative Easing, with its author, Frances Coppola. The full transcript is here for those interested in a defense of “helicopter money”.
John summarizes the single greatest insight as “the problems with printing money have little to do with economics, and everything to do with politics and institutions.” With that, Coppola argues it should not be used for “universal basic income”, acknowledging recent QE has had the opposite effect of Robin Hood-like distribution. Rather, as John so visually demonstrates, it should only be used like the famous scene in from “Pulp Fiction.” – a shot of adrenaline to be administered only when the patient is comatose or near death.
For more charts and links like these check out my twitter feed.
To Great Fishing!
CIO LaDuc Capital LLC
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