In Total… The hope of the Global Growth story is firmly intact. The IMF and Global Central Bankers are holding on to the story. The markets are focused on rising interest rates, yet the yield curve continues to flatten. The…Continue Reading →
The stock market is trying hard, trying to ignore what is going on around it: The widely publicized Economic Growth Hope.. The Unfunded Tax Cuts… The Tariffs… FED interest rate policy… The Sanctions… and Peak Cycle earnings.. As outlined yesterday,…Continue Reading →
What we are talking about here is the Market Fracture charts that we use to put a number on an economic environment and hopefully make sense of it. First, it feels good to have been outside the mainstream for the…Continue Reading →
The next news day for us will be on April 16th when we will see retail sales and a good view of GDP for the first quarter. Of course there will be some earnings coming in at times and that…Continue Reading →
I am not talking about Stormy Daniels. I am talking about a President who uses the bully pulpit to stimulate the stock market for 18 months and then uses the same pulpit to teach the world a lesson on trade….Continue Reading →
We keep being asked why we don’t believe the Growth Story. It seems very simple, most of the growth stimulus is piled on the Production side, rather than the Consumption side. It is true, the producers had to hire people,…Continue Reading →
The US economy is in the public crosshairs, kind of ironic as this central problem of arrogance started many years ago, when free market risk was tabled and everyone making anything got a government backstop. How did this accident Happen?…Continue Reading →
The story I heard on CNBC yesterday was about how employment numbers and earnings are going to push the stock market back through the January highs and then higher. To that I will just say, I think we have either…Continue Reading →
I always find it instructive to watch for what the market commentators downplay. This week most of the attention has been focused on the FANG stocks, especially Facebook and Amazon. What have not heard much about is and what we…Continue Reading →
The Scene While there is a lot fluff and articles coming out of CNBC and Bloomberg this morning, talk of why the 200 day average will hold, we stick with the short term view outlined the past two days that…Continue Reading →