A Whores Market…

A Whores Market. I keep saying this. There is little one can believe.

This market is about “loose money” and who has it, Yes, “loose” is a valid word in the English language. It functions as an adjective, describing something that is not tight or securely fixed, such as a loose shirt or loose screws.

The key measure we use to watch things is what we call the Multiplier Index, i.e. animal spirits. As we await Powell’s comments, we see this index at 2.82, the December 2024 high was 2.94, last week the range was 2.76 to 2.92, almost breaking out the top. At the moment we have an inside week with a high at 2.87 and a low at 2.80.

So, the “loose” money is sitting back timidly, probably to be respectful of Powell and talk of tariff related inflation to come, but they have one objective, to blow the market out through the top soon. Why not ride along for a while once the index hits 2.95.