June 5th was and remains an important measuring point. Our long financials (Bonds and Gold) vs short assets (Stocks and Commodities) Macro trade is still in a positioning mode. As of noon today CDT, since June 5, Bonds are up…Continue Reading →
What we are seeing today is nothing more than a Hail Mary move on the part of the Trump Fed to turn around the election Polls. It will fail. The big problem for Trump is that people and the economy…Continue Reading →
It is early, just 8:40 AM CDT. Market is sharply lower but gold is also lower. That is probably all we need to know at this point. The bulls still see the FED as their savior, they are just mildly…Continue Reading →
This morning we are seeing a bounce back of almost half of yesterdays market move. The manipulators still have home field advantage, but we are still in the first inning. A Sad Time for America The lack of an organized…Continue Reading →
As all of you know well, trading the Macro side of the market requires absorbing a tremendous amount of bullshit as things unfold. Yesterday was one of those kind of days, a day to reassess and move forward. Following up…Continue Reading →
It seems events are kind of pushing my philosophical string today. I heard an interview today where the interviewee made the statement shown in todays title. People are looking through all the badness and are clinging to a vision that…Continue Reading →
Yeah, the economy is in bad shape but any of us paying attention are behind the eight ball. How long can this go on? We know what we are dealing with and have been for the last two years. A…Continue Reading →
In reviewing where economic things stand I have started by updating one of my more important Macro Picture charts, the F3 Asset valuation chart. While we have been seeing a constant wave of manipulation for some time, today may be…Continue Reading →
Over the years I have tended not to react to new news. First one has to find out that it was new news. One has to keep in mind that the economic cycle turned down in October 2018, and that…Continue Reading →