About a week ago, we warned about the infamous bearish stock market pattern developing in US equities coined by some as the ‘Hindenburg Omen’. The pattern is known for its bearish tendencies developed after the Hindenburg disaster of 1937. The key understanding is breadth deterioration, when more stocks hit 52-week lows than 52-highs. Since the warning, a liquidity gap has developed in stocks thwarting any attempt at new all time highs.
While relations between Russia and the US may finally be on the mend following a phone call between Putin and Trump, in which the Russian leader expressed hope for a reset and renormalization of the current "unsatisfactory" bilateral relations between the two countries, treatment of Russia in Europe remains on the downswing. The latest example of this took place on Friday when military aircraft with Swiss fighter jets shadowed a Russian government aircraft over the European country, Russian Foreign Ministry spokeswoman Maria Zakharova said Saturday.
Two US Navy Super Hornet fighter jets crashed off the coast of North Carolina into the Atlantic sea on Thursday. The US Coast Guard confirmed that the crews on board the F-18s were recovered and taken to a nearby hospital. RT.com reports: Four people have been recovered and taken to the Sentara Norfolk General Hospital in Norfolk, Virginia, the Virginian-Pilot reported citing Coast Guard Petty Officer Fagal Nifin. Nifin said the extent of the crew members’ injuries is “unknown.” One of the crew had a leg injury, reported WCTI.