Hong Kong Phase 1

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Haven’t heard much about the trade talks lately, have we? Maybe Kudlow is busy in the bathroom, powdering his nose. More likely, though, the fact that our Congress did the first decent thing in recent memory by showing its support of the Hong Kong students has concerned some people that the comical farce known as the China/US trade talks isn’t going to smile upon such a message.


The ES needs to crack 3100, however, to get a little more interesting.


One area that’s been prospering recently, after a dreadful drubbing, is bonds. Those have been steadily higher over a little over a week.


This act, in turn, ruined the Bank Party, as illustrated by the fact that KBE has a failed bullish breakout.