Yields are declining, curve is flattening, commodities are in rally mode, gold is continuing to decline, and stocks are rallying (S&P currently up at 2743). This is called a crazy Steve Mnuchin day, he got Trump to backtrack for the…Continue Reading →
That is what a quick glance at our F2 Fracture Chart and also listening to commentators would seem to say. Sure trade is in turmoil and Trump is getting even crazier, but the markets are not fazed. The players are…Continue Reading →
Late Wednesday afternoon… So what is the surprise? The Fed met…. Yields are flattening… Our leader is looking like a Communist.. North Korea, Russia, and China are becoming his buddies… Women are big primary winners… Need we say more… Things…Continue Reading →
Just musing as we take a few days off. I don’t know about where you live, but around Chicago, big Malls are being abandoned left and right. And then just down the street new big Malls are being built. Another…Continue Reading →
What is there to figure out? The Fed is raising short rates and rolling off balances as they should. We have had easy money for way to long. Gundlach and Gross think they have figured out how this works, you…Continue Reading →
Someone crazier than him. We expect the unexpected. This week will be a great staging period. Hold on to your seat. In the meantime, we will be getting out of long dollar positions this week, not waiting for the 97.00…Continue Reading →