Mini-Crash Thursday?

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We use terms like “Mini-Crash” sparingly.  But, with Dow Futures down more than 1,100 points, Techs own more than 700 and even the (semi-rational) S&P down over a hundred, here are the major features of our work that matter.  (Thank a Peoplenomics subscriber for making this possible…)

First, with Smoot Hawley Tariff’s in full rhyme, the 1929 track should be clear to even the most thick-headed of the financial press.

Not to completely sour the cornflakes, but it’s even worse when we align the possible top with the premarket futures action:

And for those interested in POSSIBLE Elliott wave configurations, here’s the immediate problem:

We can quibble about the minuette wave structure all day.  But our recent remarks about “sitting on our hands – and cash – seem now to be reasonably useful.

Early reaction was muted in BTC but gold was softening (-$14).  The Futures board over at FinViz was – in newsroom parlance, bleeding all over the place earlier.

We aren’t the only ones on watch.  Take Trump’s tariffs amount to ‘worse than worst-case scenario’ as investors brace for stock-market beatdown – MarketWatch as in a similar vein.

There are two reports here on Urban today.  The second one will be along later. Because there Challenger Job Cuts won’t be out under 7:30 local time,  But I wanted to help you contextualize the “parilosity” of America’s predicament straight-away.

Because in real-life, we never like to loose real money.

Our regular daily report for today is here.

Write when you get rich,

George@ure.net

8 thoughts on “Mini-Crash Thursday?”

  2. this is in reference to the concept of Domain; it seems that domain is similar to jurisdiction, as in a “state “ jurisdiction. maybe even related to “life security clearance “; this is how I am feeling it. thanks Don

  3. Note that NASDAQ futures are looking bleak. Not sure how many friends Pres T had in Nasdaq land, other than Elon. Probably less this morning. I expect US manufacturing work to become fascinating as the bean counting clerks try to squeeze budget performance out of moving target tariff’d materials. THIS COSTS MORE THAN ESTIMATED, N____, CONJURE CHEAP SHIT NO ONE MAKES. This may finish off a lot of small US manufacturers. On the bright side, I will be eligible for full SS by summer. Watch the globalist house of cards show unwind.

    • CONGRATULATIONS 2 U both !!

      Here’s hoping for another 20. My folks were planning a 30 day cruise for their 75th when Mom passed at 96. Dad stayed with us 2 more years.

      Jimmy and Rosalynn Carter…. 77 years.

      Cheers

    • 55 years!!!!!! As my British son-in-law’s late Grandmother said at her 75th wedding anniversary to Grandfather, “you get less time for murder!”. Cheeky lady, was she. Both are now departed, but they each lived to reach 100, each also receiving letters from QE2 congratulating them on their wonderful lives.

  5. No one in the MSM is calling out tariffs for what they really are : a tax on the rich.

    The reason why is because the talk track would run counter to TDS. I expect a corp temper tantrum and I’ll be standing right next to buffet BTFD. LOL

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