May 5, 2019
Weekly Market Outlook
By Keith Schneider
Equities markets put in a respectable week as Fridays action turned things around from what was looking like a key reversal pattern. IWM was up almost +2% on Friday and +1.4 % on the week. The catalyst was the jobs report which was very strong, showing that unemployement is the lowest it’s been in 49 years at 3.6%. For those that think the glass is always half empty, wage growth was anemic. Classic analysis regarding employment would take these numbers as a strong positive, reducing the chance of a recession. Although the bond markets didn’t seem to care and barely budged.
This week’s highlights are:
Some of you may already know that Mish’s book, Plant Your Money Tree: A Guide to Growing Your Wealth, will be released on May 8th.
The book provides a simple compass for you to make money decisions of all kinds.
“Plant Your Money Tree” covers the core processes we use at MarketGauge. It’s the same process Mish used to win the award for the best trade of the year for 2018 from Real Vision. (not an easy feat considering the roster of traders that participated )
Go to this special page to learn more, save 30% on your pre-order, and receive a special $97 bonus for free!
We would very much appreciate it if you would please buy a book (you can pre-order it and receive it on the 8th ) and write a stellar review on Amazon on the release date.
If you already bought one, THANK YOU! A review would be awesome.
That would be so very helpful to us and we will be most grateful for your support. And of course we know the book will be very valuable to you as well.
Best Wishes for your trading!
CEO – MarketGauge.com