Adjusting
For two years market players did not have to make a decision. Stocks always went up interest rates were always low. Now, today, no one knows what is next, even the FED, that is why flexibility is number one, watch…Continue Reading →
Archive for March 2022
Transition
Continuing on with yesterday’s Flexibility theme and our post of last week outlining a potential move in the markets coming up, I am taking the flexibility position to a possible extreme with a short position in SPX and NDX this…Continue Reading →
Flexibility
That is the key word this week. While we see the potential for higher markets, see our post from last week on the Big Picture, the SPX market is touching a level, 4550 that may provide a little resistance as…Continue Reading →
A Contrarian 2022 View
March 24, 2022 What we are talking about here is a Fed that is trying to deal with an embedded structural inflation that is the result of 40+ years of voodo economics. These are the compounding effects of supply side…Continue Reading →
Lots of Disbelievers..
In a final wave bull market in stocks. In spite of the the last seven days actton, this was a good digestion day after the bottom confirmation last week and the rally close over SPX 4444 on Friday. Now the…Continue Reading →
Powell has it Backwards
Powell’s speech today illustrates why he is in the bind that he finds himself. He has been looking at the inflation problem as a short-term problem, we all have heard the infamous “transitory issue” phrase. Where he has missed the…Continue Reading →
Trading on a Knife Edge
With Friday’s SPX close over 4444, the market is poised to move higher albeit within an atmosphere with a lot of crosscurrents. Maybe four things stand out, 1) Ukraine, 2) Inflation numbers, 3) Economic Activity, 4) FED messaging. First Ukraine…..Continue Reading →
Things to ponder..
Here we are a couple of days after the FED Meeting, time to think things over. Here are some items that come to mind at the moment. A flattening yield curve is primarily a clue that the FED is not…Continue Reading →
The Powell Wish List
All eyes have been on Jerome Powell and what the FED will do versus inflation. The easy answer would be who knows. Thinking about it for a few minutes gave me pause and allowed me to come up with Jerome’s…Continue Reading →
Powell Update..
My take, Powell is no Volker. Accommodation is his middle name, big talk, little action.