We see the VIX measure of volatility going down to last summers lows at a time when my view risk is increasing dramatically. What gives, we should find out by Friday’s close. According to CNBC, the market is running on:…Continue Reading →
The Market has set investors up for a high risk investment period. This weeks rally on the S&P to nominally take out two significant bounce highs of 2075.07 of April 1, 2016, and 2081.56 of December 29, 2015, sets the…Continue Reading →
Since our last comments on the Macro’s, March 21st, and the markets in general, March 30th, little has changed. The Macro directions have not changed. The market range based on the S&P 500 index has been 2022 to 2075 during…Continue Reading →
The big question is, how does our economy and the Global economy stop the deflation spiral that we are in ? Bernanke and his trailing puppy Yellen, have tried the route of QE, the expansion of Central Bank balance sheets…Continue Reading →
Yellen’s comments yesterday are a fitting tribute to “last tries” activity. Essentially she said the Deflation direction is still in place and she is desperate. Market players took this to mean that Risk-On is back in vogue. In my opinion, nothing could be…Continue Reading →
After all the irresponsibility of the FED last week the bottom line remains, the Macros are much deeper than the FED fluff that moves daily volatility. Here are the Macros we follow and their Macro trend (listed top to bottom…Continue Reading →
The Fed talks a lot about their dual mandate, the inflation rate and employment levels. And with that approach they have totally ignored a higher level of performance, what I will call “Do the Right Thing”. There low ball approach…Continue Reading →
Today’s FED decision shows that they are not U.S. data dependent as mandated. Now they are basing their decisions on Global conditions and that message is that the fear of Global deflation is taking over. We are increasing long T-Bond…Continue Reading →
By every indicator that I follow, the FED should raise rates today and aside from the indicators maybe the two biggest reasons to raise are the abuse of power and inequality that results. As Larry Levin of Trading Advantage says:…Continue Reading →
As we said back in our February 25th post, the markets are building a pivotal structure that should culminate on March 16th. In a world economy that has been dancing to Central Bankers for a long time, the moves and…Continue Reading →