Interest Rate Markets may be getting ahead of Themselves
All the clamor and market action on interest rates lately seem to be small picture actions. See below a recent study that we have done using a Normalized Interest Rate base.
All the clamor and market action on interest rates lately seem to be small picture actions. See below a recent study that we have done using a Normalized Interest Rate base.
The Big Spill After the big spill of the past few days we will probably see a little consolidation above the 200 day average and some trading in the 2850 to 2940 area of the S&P. Two days of closes…Continue Reading →
The Market is going to Crash Why and When are the two unknowns. So many reasons are available.
The stock market feels heavy today, Yet it seems to be holding its own for the moment. My view, the market has two hopes (both of which I believe will unravel) that it is trying to hold onto: it still…Continue Reading →
Which Game ? The game between the White House and the Fed, or said another way Trump Vs Powell. The White House is trying to set the stage with tweets, but it has no real power in this contest. The…Continue Reading →
Central Banks are Learning Draghi’s difficulties at the ECB yesterday illustrated that low-low yields are not a good or easy answer. The Powell Dilemma Next Up is the September Federal Reserve Meeting and our guess is that they are going…Continue Reading →
Overnight we have seen the 2960 -2976 S&P resistance hit. Today and maybe early tomorrow will be your opportunity to get it on.
First Wave Game Markets are playing a first round game of pushing down rates, creating a huge bond bubble as it tries to keep the other bubble, stocks in place. This Bubble Break will be huge It will include both…Continue Reading →
Jackson Hole is the Key event for the week Does Powell say anything different that will really matter, probably not, but the expectation will be the game of the week. While we outlined the big framework of S&P pricing of…Continue Reading →
Foolish Talk Dominates We have had a number of days of big swings this week with what seems as a lot of foolish talk, like after inversion we have 18 months before the wheels come off. Historically that may be…Continue Reading →