Industrial E-Mini Futures Are Headed Lower, Benchmark's Kelly Says

The video discusses the market's worst month since 2008, focusing on the SOX index and its bearish trends due to trade war fears and the Huawei ban. It highlights the industrial sector's performance, driven by Federal Reserve policies rather than fundamentals, and the impact of trade tensions with China. The video also explores trading strategies in the copper market, emphasizing the bearish outlook due to weakening global PMIs and increased volatility.

What was a significant factor contributing to the SOX index's worst month since 2008?

• Increased consumer spending

• Technological advancements

• Trade war fears and Huawei ban

• Rising interest rates

What was a key reason for the industrial sector's performance this year?

• Increased exports

• Technological innovations

• Accommodative policy from the Federal Reserve

• Strong global demand

What is a potential bearish trading strategy for the industrial sector?

• Investing in technology stocks

• Selling futures contracts below the 200-day moving average

• Purchasing real estate

• Buying futures contracts

What recent trend has been observed in the copper market?

• Stable prices

• Significant price increase

• Significant price decline

• No change in prices

What does the weakening of global PMI data suggest about the economy?

• Slowing global growth

• Stable economic conditions

• Economic expansion

• Increased industrial production