What is behind this? There seems to be no limit on speculative money spilling out of the government. It seems like the lesson is, government deficits don’t count. Likewise the Federal Reserve balance sheet appears to have no limit funding…Continue Reading →
Bigger Fish to Fry This week the markets will be looking at a lot more than earnings, which year over year have been dismal, but through stock buybacks and lowered expectations are being touted as great. Macro Political Scene is…Continue Reading →
The FED Reserve Additions (the infamous not QE) This belief that the FED addition of reserves to allow better liquidity is going to help the stock market is wrong headed. This FED action is just an attempt to forestall a…Continue Reading →
Panic is unfolding in Washington as the big picture evolves. Trump is getting close to falling in the toaster. So all eyes are on Powell and I would expect a tight trading range in the S&P of 2815 to 2954…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 →
The Verdict The verdict is still out on the stock market rally since Christmas Eve 2018. It has been impressive, but what does it say about the next 18 months. Prognosticators out in Force It seems that many want to…Continue Reading →
The Line is 2511 on the S&P. That was the high of the S&P prior to the time when the Trump Tax Cut Euphoria started. The fact that the tax cut for the top 10 % brought a big increase…Continue Reading →
Why no big inflation? There is a lot of lamenting the fact that we have not seen much inflation since the 2008 Crash and the FED should not be raising rates. I would point out three things: You have to…Continue Reading →
Trump’s harassment of the FED highlights the point at where we are in the Macro Cycle and how much the other loud mouth cry baby , CNBC’s Jim Cramer is to be focused upon now. Maybe a look at the…Continue Reading →
The Market is headed much lower.. The market has put some time in recently pivoting around the S&P 2689 price swing level. Now we are seeing a push through that area, and yet market players are talking about where the…Continue Reading →