The Week in Review

Disconnected Markets ended the holiday-shortened day on Wednesday at record highs. Friday, they weren't feeling quite as exuberant. And this time, it wasn't anything President Trump said. In fact, Trump surprised by behaving appropriately during the July 4th festivities on Thursday. The employment numbers released yesterday didn't disappoint either. But that's the problem. The data is calling into question what many thought was an inevitable rate cut at the Fed's next meeting. Now there is some doubt. The markets don't like doubt. On Monday, Harry talked about the market's propensity to see bad news as good news and also good news as good news. Really, they're looking for any reason to go up. But, as he explained on Wednesday, they're at a point right now we they could just as easily reverse by 25% as gain 25%. This all fits into his Dark Window scenario, which is progressing exactly as he has forecast so far. Dent Research Readers Are Snapping Up Early Bird Tickets to the 2019 Irrational Economic Summit! Discounted tickets to the 2019 Irrational Economic Summit in Washington DC are available for a short time! Act now and you'll save more than 40% off the regular price. But please hurry! Click here to see this year's lineup of experts and to claim your early bird ticket before the event sells out. This Week in Economy & Markets... Loving the British on the Fourth of July Yes, yes, we all know that this is the day the American colonists declared their intent to separate from England by adopting the Declaration of Independence at the Continental Congress. And yes, there was a nasty five-year war after that in which we squared off against the redcoats… and then they smacked us around a... Surge 25% or Fall 25%? I sent a market update to Boom & Bust subscribers in our 5 Day Forecast last Monday. I explained that stocks saw their biggest correction since late 2011, which makes that a 4th wave correction leading into a 5th wave final blow-off rally… what I have been calling the Dark Window scenario. My target is... Millennials Will Decide The 2020 Election The recent Democratic presidential primary debates were a lot of fun… said no one. As the process unfolds, I vote that Andrew Yang gets the first question at every debate, since he was given all of three minutes out of 120 on Thursday night. And Marianne Williamson gets to interject anytime she wants, because she's... Good News, Bad News, Markets Don't Care Markets popped higher this morning after a weekend of good news: The Donald and Xi Jinping have agreed to a temporary truce in the U.S.-China trade war. The Donald has eased trade restrictions on Huawei. And The Donald made nice with North Korea. On Friday, I explained that markets were at that critical point where... Economy & Markets  |  Dent Research You are receiving this e-mail as a part of your free subscription to Economy & Markets E-Letter. Remove your email from this list: Unsubscribe. To cancel by mail or for any other subscription issues, write us at: Charles Street Research Attn: Member Services, 819 North Charles Street, Baltimore MD, 21201 | Phone: 888-211-2215 | Fax: 410-223-2682 LEGAL NOTICE: Protected by copyright laws of the United States and international treaties. This e-letter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the worldwide web), in whole or in part, is strictly prohibited without the express written permission of Charles Street Research. This work is based on SEC filings, current events, interviews, corporate press releases and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. The information herein is not intended to be personal legal or investment recommendations and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation.