FOR MONDAY: (2/12) We could see secondary lows for stocks on Monday and if they hold, we would expect a recovery next week from oversold conditions for stocks. Metals look lower next week and the dollar higher. Crude may be too oversold to hold now.
OVERALL: Rand Paul’s heroics could not pull-off fiscal responsibility and in the long run, it will hurt the perception of the US but since we are dealing with unbacked phony printed money and illusion that our nation works, who cares if we can drink the Kool-Aid for another 2 years and pretend that our economy really works? In the meantime, Amazon announced they are competing with Fed-Ex and UPS with a new delivery and pick-up service so we wonder when corporate America will start yelling anti-trust? Those companies are tanking.
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