CPI Number Tomorrow Today is a setup day for tomorrow’s CPI number which for some reason seems to be taking on more significance than usual. That is no doubt due to the belief by many traders, especially Hedge Funds, that…Continue Reading →
It looks to me like the main point at the start of this week, is that virtually no one thinks the recent highs are a top. That is important. After all the fear and volatility of the last 7 trading…Continue Reading →
The Situation For the past three years this market has been like watching, a bunch of half drunk amateurs climb Mt Everest. Why is everyone surprised by the steepness of this initial decline. Some of the CNBC experts are having…Continue Reading →
In thinking about todays blog last night I had difficulty in nailing down a title, so I am just using all three ideas for today, and have a separate section tying into each idea. Unfunny Money This follows the prior…Continue Reading →
Between the Bernanke QE program and the Trump Tax Plan, the economy and the markets have a lot of heavy water to carry. This will not be easy or quick to fix and eventually wiser people will take over. The…Continue Reading →
What is the market saying now? For me, the basic headlines, that it is an interest rate based decline can be accepted. With that said, watch the level of 2712 on the S&P, unless the market closes below that level,…Continue Reading →
An Eye Opener Last night I was reading a Bloomberg article “How GE went from American Icon to Astonishing Mess” by Drake Bennett and something hit me square in the face. I am generally focused on Macro charts and do…Continue Reading →