This post is after the close of trading on Friday, December 30, 2022. This has been a year where again the FED’s refusal to allow the economy to function on its own dominated the action. Following 2021’s FED refusal to…Continue Reading →
It seems that while the FED tries to push rates up and take out the November 4th high rate, nothing seems to be happening with the all-important S&P other than its price is being compressed in an explosive way. In…Continue Reading →
Here is wishing everyone a great Holiday. To me it looks like today is a reaction to a failed Christmas Rally. But that is to be expected as this period is about much more than a Holiday Rally. It is…Continue Reading →
More compression, means more power. For a little more perspective here is another of my favorite charts, the macro, Long SPX, Long 2 YR notes, Short dollar. It is in breakout mode at the 153 day average, back filling and…Continue Reading →
Here is the trigger subset of the ALGO we showed yesterday. It was early in a negative view of the market in late September 2021. The current signal has been building since turning the corner on 12/5/22 with SPX at…Continue Reading →
The chief market manipulator can compress the scene for a long time, but at some point the compression of the Capital Markets says enough is enough. Factors hint that we are sitting there now. Here is what I use as…Continue Reading →
A transparent no bullshit Fed Chair would have said: This is a tough job, but ending the free money game that Ben started in 2011 was a good place to start. This is a huge change to the economic equation….Continue Reading →
It would be refreshing if Powell tomorrow honored the most important part of the FED mandate, Economic Stability. The markets are screaming for it. They are tired of the pattern of volatility that Bernanke started in the fall of 2011….Continue Reading →
The market knows more than the FED. While everyone expects the FED to be hawkish and overkill tomorrow, the interest rate markets continue to say the FED has hiked enough. My favorite chart, 2 yr vs 3 mo. A downtrend…Continue Reading →
The driving force for the markets is moving away from inflation and rising rates and now resides in the minds of the Bears, the coming earnings outlook. On the other hand it will be interesting to see if the FED…Continue Reading →