More Bad News

Stock markets can not catch a break .These two headlines just came across wires and are applying Further pressure on main Indicies. *APPLE MAY CUT IPHONE PRODUCTION AGAIN BY 4M UNITS: ROSENBLATT

Speaker Paul Ryan said Thursday that President Trump will not sign a stopgap spending bill over concerns about border security .Stock market scared of her own Shadow so any Bad news regardless of overall economic impact will see outsized response.

This is getting to the Point as Who is left to sell.Remember tomorrow is Quadruple witching so quite possibly this weeks selling amplified by gamma adjustments in a Holiday thinned market.Treasury Complex hasn’t respondent much to anything since earlier this morning as 2s10s still flatter on day but in middle of range.30s and ultras higher shorter end lower.The probability of a rate cut in December has all been priced out as Euro Dollars come to their senses,January 2020 showing 7% chance of rate cut.Action on the close will be watched to determine market psyche.

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