We will be closely monitoring events over the next three days. In any event this is it, so it will be better to be early than late. We will try to keep you on top of things. The long bonds…Continue Reading →

Over the past few months we have outlined the manipulation led by the FED and Treasury and how this will not end well. We continue to look for mid-October as a date to watch and target for market declines to…Continue Reading →

Is the US a follower, not a leader in terms of COVID and Stock Market moves? Here are four weekly stock market charts, Germany, UK, China, and US. All the markets made a bounce bottom in March, everyone but the…Continue Reading →

This move started 40 years ago and is in danger of ending. That means we are in a state where extreme measures are being employed to keep inequality on the increase. This is a moral battle, not a market. One…Continue Reading →

The excitement of last night surrounding Apple and other Tech stock earnings needs to be put into perspective. No doubt isolation helps the tech stocks but the whole picture with all stocks is more important. Staying alive is going to…Continue Reading →

As the market stalls out and technical sell signals are triggered it may be an interlude to take a look back. What we are walking into is a reflection of the negative effects of a Bully Pulpit gone wrong for…Continue Reading →

The confirmed sell signals of last Friday remain in place. The main feature of this day is CNBC feeling safe to cheerlead buyers going into the FED Chairman’s press briefing at 1:00 CDT.

The Setup is in place. In spite of everything that has happened since February, I think the next four months will be the most memorable for all of us in terms of the interaction of COVID, the Economy, and the…Continue Reading →

Two legs of the four legged stool have pushed out of the 6/5/20 equation with Gold and TLT (20Yr Bond ETF) up strongly. Now the short side of the equation is setup. Early in the week we will sell NDX…Continue Reading →

For stock market traders, that is… For stock market traders who ascribe to the Macro View, today has the potential of being the second most important day of the year. Most important was the Macro top call on 2/21 (S&P…Continue Reading →

We are watching the spread between the 20 Year Bond ETF and the High Risk-High Yield Bond ETF. The long term trend of moving to the low risk bond was interrupted on April 9 when Mnuchin and the Treasury hatched…Continue Reading →

What’s happening? The collapsing yield curve and the gold rally are foreshadowing a downturn in stock prices. Two legs of the Macro equation are breaking out, the long gold and long 20 year bond. With all the optimism build into…Continue Reading →

Is this how deflation ends? Ever since QE 2 funny money started 9 years ago, economic thinkers have wondered how all this foolishness would end. I find it interesting that since the June 5th Macro Pivot Point all four legs…Continue Reading →

Trump probably should change his goal posts to reflect his two legacy’s, Panic and Deflation. Since the all important Macro Cycle pivot day, June 5, 2020, we today see gold up 7.8 %, 20 Yr Bonds up 7.2 %, but…Continue Reading →

In short we are watching the blow-up of a four year election campaign, one based on the premise that the stock market, not the economy or people is important. Everything that has been done, tax cuts for the wealthy, FED…Continue Reading →