Notes for Friday Long Oil and commodities have been two of the hideout trades along with Bitcoin during this transition period since February 2nd. It would appear that Bitcoin is a better place to hide, especially if you buy it…Continue Reading →
Just out, GDPNow, First quarter 2023, Latest estimate: 3.2 percent — March 16, 2023. Growth continues to defy the inflation & recession crowd. My view, inflation is now the No 2 problem, Instability by a FED that won’t own up…Continue Reading →
I generally type things into my notepad as the day goes by and then try to make it into a coherent message. Over the past couple of days the various news threads seem to be all over the place. So…Continue Reading →
I continue to be of the opinion that economic growth with increased efficiency will eventually handle inflation. As stated here last week, there is still a period of time through the FED GDPnow numbers that will be released on March…Continue Reading →
Another update of the chart I posted last night at 8:00 PM CST. The risk adjusted stock basket is getting stronger by leaps and bounds. Chart updated here at 9:50 AM CST.
Update here at 8:00 PM CST of the interest rate adjusted stock basket chart. This chart is the 24 hour market version using 2 hour bars that show the picture of what is happening overnight. The chart has made a…Continue Reading →
Below is an updated chart throughTuesday night. It is a Macro Economy Valuation using an algo with market data inputs for stocks, bonds, commodities, gold, bonds, and the 30-05 YC. Detail here: SPX, NDQ, RUT, CRB, DXY, GLD, US02Y, US30-US05…Continue Reading →
As I see it, the stock market is setting up for shot through the 4333 level of the S&P in the next couple of weeks. Obviously. the employment numbers coming out this Friday will lend a piece of data that…Continue Reading →
Striking a Delicate Balance in Making Policy FED Governor Raphael Bostic made some headlines today in a conversation with reporters. “Slow and steady is going to be the appropriate course of action,” Bostic said in comments to reporters, with perhaps only…Continue Reading →
Update at 10:30 AM 3/2/23 Now that all of you have had a chance to read the piece below that I think shows what the FED thinks and its current rate hike play is based. The FED goal of a…Continue Reading →