PCE numbers this morning showed consumer incomes are up, this along with good employment report indications yesterday. That is the very important as the end of the FED’s Economic Destruction phase is here. As the CRB commodity index and oil…Continue Reading →
Watch the dollar, big money is massively short stocks. A dollar trade under 113.00 is further confirmation, 111.70 opens the trap doors. S&P will have a fight until it closes over 3900. Update at 2:25 PM CDT Quite a fight…Continue Reading →
The market seems to find the switch a bit puzzling, as much of the action over the past 10 years has focused around consumerism, stuff like buying new running shoes or new phones every year. Getting real and taking on…Continue Reading →
Today is what I would call the clean-up phase of the bubble bursting yesterday, probably a lot of pieces of rubber lying around. Pressure on bonds completed the test of levels set on 9/4/19, kind of the base for the…Continue Reading →
At this moment the stocks in the model portfolio are: Biotech: ARKG, SGFY, TDOC, VIR, CRSP, BEAM, NTRA, FATE, DNA, TWST, NTLA, SSYS EV: RIVN, PLUG, QS, BLNK, NIO CHIPS/TECH: ARKK, NVDA, PATH, MICR, SMH.PATH SOLAR: RUN, CSIQ, NOVA, JKS,…Continue Reading →
All the FED posturing that we have been enduring since June 16, 2022 is over in my opinion. As of yesterday they have succeeded in puncturing the bubble, congratulations. Of course, if they had done their job correctly, we all…Continue Reading →
Here is the sector table updated through last Friday. Note the sectors listed as Biotech, Solar, EV, and Chips make up 80 % of our portfolio. Looking back to when the bottom of the market started on May 11, 2022…Continue Reading →
I am having a little fun this afternoon. I went to the trading screen and ran some numbers show relationships between 2-year interest rates and each of the main three indices, S&P 500, 30 year bonds, and CRB commodity prices….Continue Reading →
Ending Easy Money and moving Fed Funds rate to 3.0-3.25 is a big plus 1. Economic and Production Stability enhancement should be the number one FED objective, on this score they get a minus 3. This score is based on…Continue Reading →
A little update this morning where in spite of all the FED encouraged carnage, the comparison of market value between today and 6-6-22 when inflation and commodities peaked is revelatory. See sectors ranked below. More good real news today, both…Continue Reading →