Today in Small Caps...
SPOTTED: Chasing the $RUT pic.twitter.com/aXwW7pfHG2
— Sven Henrich (@NorthmanTrader) September 27, 2017
Small Caps exploded over 2% higher - the biggest gain since the election - on Trump Tax hype... (we note that marketd di roll over a little once Trump began speaking)
(NOTE - today was the biggest short-squeeze in 2 months)
up...
While Small Caps and Trannies ended red, the other major indices held on to gains (record highs for Dow, S&P), though Mexico City's quake took some shine off in ther afternoon...
In this extensive interview with USAWatchdog.com's Greg Hunter, Charles Nenner, renowned financial and geopolitical analyst, has been saying for a few years that “there would be no market crash until the end of 2017,” and “if people were not positioned correctly, they could lose everything.”
It’s nearing the end of 2017, and Nenner says, “I think we are there already. . . . We, personally, are totally out of stocks at this point.”
Authored by Frank Holmes via StockBoardAsset.com,
Summary
Terrible housing data for the second day in a row, debt ceiling fears surging in bill markets, chaos in the energy complex as Hurricane Harvey nears landfall, more McConnell-Trump turmoil... and while stocks were lower, only Trannies really dropped... The market said...