Markets News 

Wall Street experts are crying foul on an overlooked yet dangerous signal that a market meltdown is near

“A private equity meltdown isn’t his base case, but rather a mounting risk that, in certain scenarios, could come out of nowhere to surprise investors” writes Aol Staff for aol.com. The connective tissue between the arguments made by Harvey and Fredericks is two-fold: they involve private equity firms, and focus on exorbitant leverage.It seems like every time Joseph Harvey opens the Wall Street Journal, he’s presented with a fresh batch of signals that the current market cycle is nearing its conclusion. Source: aol.com Share This:

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News Regulators 

ECB in free fall after ECB ruled out any rate hike till late 2019 and kept QE

“Double-top that was left at 1.1839/48 is bearish signal as acceleration through a cluster of MA supports, which now reverted to resistances, marked next bearish signal” reports fxstreet.com. Initial negative signal was comment for future rate hikes as the ECB ruled out any rate hike until the second half of 2019.Today’s significant fall dented bullish near-term outlook and signals that recovery from 1.1509 low might be over. Source: fxstreet.com Share This:

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Crypto News 

Don’t count on a bitcoin rebound from the weekend rout any time soon, chart analysts say

“For him, $7,777 is the key level bitcoin will have to top to signal an uptrend is underway” writes Artur Widak for cnbc.com. Since then, bitcoin hasn’t consistently hit a technical level known as the “Upper Bollinger Band,” said Frank Cappelleri, executive director, institutional equities at Nomura Instinet.Bitcoin’s plunge below $7,000 to a two-month low indicates the cryptocurrency will have a difficult time recovering, technical strategists say.It’s important for bitcoin to hold support around $6,747 this week, Chris Kimble, CEO of Kimble Charting Solutions, said in an email. If that…

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Markets News 

A ‘dangerous’ inflation trend is taking place in America and it could signal the economy is overheating

“The trend is bringing a peak number of people back to the labor market, which could add further pressure” writes Gina Heeb for businessinsider.com. A tight labor market and fiscal expansion are among the top factors behind a “dangerous” upward inflation trend, Deutsche Bank said in a report, with prices rising over the last three months.”The economy is not necessarily overheating quite yet,” Torsten Sløk, chief international economist at Deutsche Bank, told Business Insider. Source: businessinsider.com Share This:

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Markets News 

Trump breaks protocol, sends markets a clear signal on jobs report before numbers are released

“Jason Furman, President Obama’s former economic adviser, tweeted “You should have gotten the employment numbers from the Council of Economic Advisers yesterday” writes Damian Paletta for sun-sentinel.com. President Donald Trump on Friday broke with decades of protocol and commented publicly about the highly anticipated jobs report data 69 minutes before they were released by the Bureau of Labor Statistics.”And if this tweet is conveying inside information about a particularly good jobs number you should never get them in advance from the Council of Economic Advisers again.”.  Source: sun-sentinel.com Share This:

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Markets News 

Trump breaks from decades of protocol with tweet on jobs report before its release

“President Trump on Friday broke with decades of protocol and commented publicly about the highly anticipated jobs report data 69 minutes before they were released by the Bureau of Labor Statistics” writes Damian Paletta Is for washingtonpost.com. That means Trump had detailed knowledge of the specifics of the jobs report, knowing that it would be strong and better than expected.In fact, a strong jobs report often leads investors to sell equities and buy government debt because they will reap the benefits of higher interest rates. Source: washingtonpost.com Share This:

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News Stocks 

Tesla stock falls after Morgan Stanley cuts price target, says Model 3 production issues could signal long-term margin woes

“Tesla shares are down 9.7% over the past 12 months, while the S&P 500 SPX, -0.93% has gained 13%” writes Emily Bary for marketwatch.com. Tesla shares recently traded at $284.TSLA, -3.33% are down 2.9% after Morgan Stanley analyst Adam Jonas lowered his price target to $291 from $376. Source: marketwatch.com Share This:

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News Stocks 

Facebook just entered a ‘death cross,’ which could signal a failed relief rally: Piper Jaffray

“You’ve also got the 50-day moving average closing back below the 200-day moving average which is technically considered a bit of a death cross.”” writes unknown author for cnbc.com. A stock marks a death cross when the 50-day moving average crosses below the 200-day moving average.”Equifax you had a huge data scandal there.”I see a lot of technical damage that has been done in this stock,” Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s “Trading Nation” on Friday. Source: cnbc.com Share This:

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