The Traderszone Network

After a few big ETFs briefly crash on Monday, one analyst says it is likely the main cause was “algos that thought they were smart but were broken.”
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Fed discount meeting minutes offer hints about rates:
– 6 votes to leave rates at 0.75%
– 5 votes to hike to 1.00%
– 1 vote to cut to 0.50%
– Minutes were for a meeting on July 27
That’s no change from the when Richmond shifted to join Cleveland, Dallas, KC and Philadelphia in the soft dissent.

A crash in stock prices at the opening of Monday’s trading session produced a trillion-dollar loss in market value — temporarily.

Gold technical analysis:
Gold has given back 38.2% of its rally since the beginning of the month as the US dollar stabilizes and worries about a currency war abate.

One of Washington’s upcoming fiscal brawls may be pushed back as far as late fall. The Congressional Budget Office on Tuesday said the Treasury Department would run out of borrowing ability between mid-November and early December if the nation’s debt limit isn’t raised.

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Investors are shaking off Monday’s Chinese nerves, refocusing on good news regarding the company’s upcoming Japanese launch.

The nosedive reveals just how addicted markets have become to the flow of central bank stimulus and the faith that cheap money remains the path to economic deliverance. The problem: Both are at risk.