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They needed a big event and they got one. They came up with a really diabolical plan and I have to give them credit for it. Use the brainwashed children to plead to the politicians to ban guns. It's hard for any politician to stand up to school children that are asking them if they'd take "blood money" from the NRA.
Today's general commentary is about the full court press attack on gun owners. This is the biggest and best planned one I've seen in my 40 years of monitoring this stuff. They're going "all in" on this one. If you're a gun owner, you'd best be following along closely here, this is big.
In the market section, we discuss the wicked chop the market's been in, and the 300 and 400 point swings it's doing. Generally chop like that tends to portray a market willing to change direction. Since it's been going up for 9 years, is this signalling a top? We talk about that.
Give it a read, it's good stuff.
Oh and as always, it's free.
By the way, the new edition of the Financial Intelligence Report is now posted, and in that letter we discuss the jobs report, and we try and explain the real reason we can have such a lousy report, while the market flirts with all time highs.