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Markets Digest Gary Cohn Resignation

Markets Digest Gary Cohn Resignation - The Bubba Show
Original air date:  March 07, 2017

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: March 07, 2017

Rallies Should Be Sold

Markets are in turmoil, especially with the resignation of Trump’s top economic advisor, Gary Cohn. Bubba talks about the many issues that will affect the markets and why he believes the tops are in. The patterns are broken, and all rallies are of the dead cat bounce variety. Rallies should be sold.

Bubba explains why he believes oil is going lower and gives some sell levels for the equity markets. The debt bomb is going to be a problem, yet no one wants to talk about it. Bubba wonders why the experts are all hiding. 

Bubba also discusses the U.S. dollar and why he believes the FED is creating the black swan.

Consumer confidence is at ridiculous levels and history shows that confidence this high has always led to major sell-offs in markets.  Bubba explains that this type of action leads to complacency, which then leads to market corrections.

 

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.