Todays Consumer Confidence report showed again, the people are not buying the happy talk that Wall Street is throwing out. Yes the government has provided lots of cash over the past 18 months, but money velocity figures show that people…Continue Reading →
Here are some thoughts at the moment: The market got a surprise last week and an inner bubble was burst, however the market now has to do more work, rotation, if you will, before the Macro Bubble Implodes. We will…Continue Reading →
As of last Friday the market has entered into what I call Vacuum Time. This is the time when market technicals are at a crossroads. A time when a Macro High or Macro Low makes an extreme turn and then…Continue Reading →
I doubt forecasting is relevant at this point. The FED liquidity runup, April 2020 to October 2020 was what it was. The Biden “Build back Better” balloon since is history. From here watch for an Event that creates a Buyer…Continue Reading →
All through this Bubble I have wondered how it would end, expecting the big money to put in a major effort to pull in the public at the end. Here we see it today, the Russell and the Dow are…Continue Reading →
As the underlying stocks roll over, watching RUT and DJI stocks, all the emphasis is now focused on the FANG stocks and the FED is doing its part to keep pressure on interest rates and the Dollar as the overall…Continue Reading →
First I will repeat a more complete version of what I posted last midweek. It would appear that a new phase in the markets is beginning. But this change is in a very early stage as the CNBC cheerleaders do…Continue Reading →
It would appear that a new phase in the markets is beginning. But this change is in a very early stage as the CNBC cheerleaders do not acknowledge anything new developing. The thing that this brings to mind…. Contrarianism, ie….Continue Reading →
How will it feel and what will the narrative be? More than likely it will be the opposite of Going Up… Nothing will make sense in spite of a wide array of fundamentals thrown out by the media.. Earnings, inflation,…Continue Reading →