2014/06/18: TrendView VIDEO: Concise Highlights (early)

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TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, June 18, 2014 (early)

Concise Highlights   

FED-ralysis prevails. Even Tuesday’s across the board weak data could not dent a September S&P 500 future that remains convinced that Janet Yellen will remain more accommodative than not at this afternoon’s FOMC press conference. And as it has been the very well-established tendency for the US equities (and others in their wake) to keep a modest bid in front of the FOMC announcements, this time seems no different. Especially with improved overnight economic data elsewhere and no trend-decisive US releases prior to the FOMC decision and press conference, look for the continued steady bid in front of the FOMC. What happens after that is another matter. These FED-ralysis bids in the equities are notorious for lapsing into weaker activity over the following couple of days if the economic data is weak. After all, in spite of some bright spots, there is good reason the Fed remains concerned about the US economy going forward.

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Video Timeline: It begins with macro (i.e. fundamental influences) discussion of some of the factors noted above, and especially notes the relief of the government bond markets that this morning’s Bank of England MPC minutes release was not more hawkish than anticipated. That and the lack of any key US data today leave the major influence squarely with the FOMC.

It moves on to the SEPTEMBER S&P 500 FUTURE short-term trend view at 02:15 and intermediate term at 05:15, then the OTHER EQUITIES from 06:35, with GOVVIES analysis beginning at 10:00 and SHORT MONEY FORWARDS at 16:40. Due to the lack of any change from Tuesday’s Concise Highlight video analysis and basically Friday’s Global View General Update write-up as well, we only view the US DOLLAR INDEX at 21:15 and discuss the balance of FOREIGN EXCHANGE from 22:10, with a return to SEPTEMBER S&P 500 FUTURE at 23:00 for a final view and additional perspective. We suggest using the timeline cursor to access the analysis most relevant for you.

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Authorized Gold and Platinum Subscribers click ‘Read more…’ to access the balance of the opening discussion and TrendView Video Analysis and Brief Update. Silver and Sterling Subscribers click ‘Read more…’ to access the balance of the opening discussion.

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