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Plunge Protection Team Saves Stocks But Credit, Crude, Cryptos Collapse

From zerohedge.com

800 Dow points - !!!! Remain calm! No wonder The PPT was called in...ut, but, but... the US economy is extremely strong (ignore the 4.4% crash in durable goods orders and collapse in housing), this weakness in stocks (remember the stock market is not the economy - when the former goes down) is all exogenous - blame them!: Blame China - Huawei exec arrested at a particularly inopportune time for the trade truce Blame Russia - Not acquiescing to OPEC's or Trump's demands to cut crude production Blame Britain - Just get it done Theresa!! Forget what the people want! Blame Italy - Why don't the democratically-elected ... (full story)

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  • Category: Fundamental Analysis