As one looks deeper into the data it would appear that Tuesday was the apex day when the Tax Cut Economic Hope trade exploded. See the Fracture Chart here.
Archive for May 2018
A little volatility on Italy and then back to square one. Data through 11:00 AM CDT today. Yield Curve continues to flatten but at a slower rate over past month.
What does that mean? Probably nothing but the markets seem to be in a face saving, everything is OK, except for Italy. The yield curve flattening has slowed since mid-May but the trend continues. The dollar seems to be poised…Continue Reading →
Just feeling a little frisky this morning, watching the fracture chart evolve is fascinating. Today we are see a bit of a bounce in the fracture line, this will take a long time, but when it occurs it will be…Continue Reading →
One text and everything is ok. That may be true or that may be not true. Fake News is now the most important influence in the world. So far the important dates of January 25 2018, and March 14, 2018…Continue Reading →
The Philly Fed and Empire State early May surveys of manufacturing numbers show that the executive suites are still buying the hope and awe story, while risks to a good outcome multiply. All this is a continuation of the manufacturing…Continue Reading →
To turn a bad hand into a Cinderella ball. These attempts to: push stocks and commodities higher, unflatten the yield curve direction, push gold lower, are at best short term attempts to push back reality. The numbers are out there…Continue Reading →
As the puzzle unfolds it may be time to look at what would appear to be baked into the cake. For us it is: Higher Short term interest rates, Flattening Yield Curve Declining Stock Market And what sectors will be…Continue Reading →
That is the story while the stock market bounce towards the January 25th Pivot Point struggles.
This is good. The stock market continues to ignore the January 25, 2018 swing point and the yield curve changes since. Apparently it wants to extract as much as possible out of the tax cuts, before the realization takes hold….Continue Reading →