Sunday, August 28, 2016

SATURDAY 8/27/16; BOJ Governor Kuroda Speaks

SPX 2169. INDU 18395. COMPQ 5219. RUT 1238. NIKK 16361. SPASX200 5515. KOSPI 2038. SSEC 3070. HSI 22910. BSE 27782. DAX 10588. CAC 4442. FTSE 6838. MIB 16844. IBEX 8660. PSI 4697.

Speaking from the Jackson Hole Symposium, Bank of Japan Governor Kuroda says 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

The bullish prognostications continue. In a CNBC business television interview, Strategas technical analyst Chris Verrone says semiconductors are up +20% this year and have more room to run. Verrone also highlights the strength in homebuilders and proclaims, “We think that is consistent with a market that wants to go up, not down.” Interestingly, seasonality-wise, September is the worst performing month of the year.

Dennis Gartman of “The Gartman Letter” advises clients to go or stay long gold and expects $40 to $50 of upside in the short term. Gartman says, “Sell Treasuries.”

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