GDPNOW-Atlanta is forecasting 4th quarter GDP at +4.3 %. That is not recession territory. Traditional market players have had a difficult time handling the switch out of consumer tech to what I call Efficient Tech, it is about production of…Continue Reading →
Here are the two charts we mentioned last week, the 2 YR vs 3 Mon yield curve chart, with the FED pushing up the 3 month overnight to the point it may go over the 2 year rate, the FED…Continue Reading →
Here is something that I have been noticing as I watch the FED try to unravel its mistake and it reveals itself in the yield curve differential between the 2 year rate and the 3 mon FED funds rate. As…Continue Reading →
Recent market action is quite interesting, the way forward for the economy and the markets is about tackling climate change in a way that boosts efficiency, more output from a given amount of energy. That will take technology and that…Continue Reading →
I talk a lot about the beginning of the market bottom between May 11 and May16, the high of wholesale commodity prices basis the CRB index on June 6, and the retest of the market bottom on October 14. At…Continue Reading →
The Fed continues to show its true constituency, it loved creating artificial growth during the 2020-2021 bubble. Now they cannot stand the fact that real growth is looming. I will keep saying that a steady interest rate of maybe 3.5…Continue Reading →
Today we are seeing a response to a G20 meeting that showed a move to work together by Global players. Markets around the world are moving towards a breakout out of the FED induced bottom that started on May12th, 2022….Continue Reading →
The whole Macro formation in the S&P that started on May 11, 2022 has yet to see the Macro algorithms confirm an upside breakout. Until then, be patient, we will let you know when the breakout occurs. It has been…Continue Reading →
Yesterday’s rally was not really about the level of the CPI, it was about a huge pile of liquidity that was waiting for a trigger. Bernanke Policy is the driving force… What Nobel prize winning Ben brought to the world…Continue Reading →
It is likely the number won’t matter much tomorrow morning. It could be 8.7 or 7.7, the market has already made its adjustment, by beating up its problem areas like Bitcoin and Meta. Now the overall technical compression will be…Continue Reading →