Tuesday, November 12, 2019

Dennis Gartman on what we can expect in terms of Fed policy in the short term

Dennis Gartman on what we can expect in terms of Fed policy in the short term. 

At best we will get another ease. We wont get a tightening for a long period of time in the future. Inflation is simply not strong enough to entice the fed to tighten. So we will either be on hold or it will be easing for the next six months. 

via Bloomberg daybreak

Tuesday, November 5, 2019

The market is very overbought but its still a bull market

The US stock market Indexes are making new highs. Dennis Gartman thinks the markets are overbought but they could still yet go higher.

The economic data, specially the employment numbers on Friday was clearly very good. All things being equal, the Fed is clearly not going to tighten monetary policy anytime soon. As long as that policy continues and the economy continues to do well, the bull market remains in place. It surprises me, it actually shocks me, but  nonetheless it is the reality and every-time you try to sell it short, you find yourself scrambling to rush to cover. 

via Bloomberg Daybreak