Trump has taught Americans that speculation and leverage are easier than hard work. Can we unlearn this, it will be difficult and probably will require some combination of inflation and high, not just higher, interest rates. We now are going…Continue Reading →
Archive for November 2020
While the financial media wants to spin this as the Biden Rally, it is not. Moving to Main Street and doing real growth investments will not be the same to the markets as the Wall Street move the money to…Continue Reading →
Tomorrow is Thanksgiving Day and in my years on this earth I don’t think I have ever seen such a gap between the haves and have nots and the public policy that is unwilling to address that gap. A substantial…Continue Reading →
This morning we pulled the short Gold portion of that trade and put that money to work in more short S&P and Nasdaq 100. I hope you have a Good Thanksgiving.
There is a lot of turmoil within this Strong dollar trade envelope but why wouldn’t there be, a macro turn up in the dollar and a macro turn down in the S&P setting up. Here is a table of the…Continue Reading →
The following are three of the backup charts that we use, charts that I see as part of the adjustment to value in the macro environment. Here is the first, the Biden strong dollar trade that includes long bonds and…Continue Reading →
The markets have kind of settled into an area where they are in a sense exhausted, but no one wants to give up. CNBC’s Jim Cramer illustrates the majority Bullish contingent with his hype this morning “if you are not…Continue Reading →
We hear a lot of talk lately about the rotation of the markets from growth to value. Is that what is really happening, or is it a confused spiral reaction between hope, frustration, and reality. August 7th is sitting out…Continue Reading →
A generation of traders has been trained in a manner where they have never had to learn to calculate Risk. I have no idea how or when this will end, but it will end.
With a number of indicators pointing to this weeks action as being the swan song of the short term FED move from the March 23rd low we are seeing a goal line stand here. I would expect this to continue…Continue Reading →