Someone crazier than him. We expect the unexpected. This week will be a great staging period. Hold on to your seat. In the meantime, we will be getting out of long dollar positions this week, not waiting for the 97.00…Continue Reading →
The Philly Fed and Empire State early May surveys of manufacturing numbers show that the executive suites are still buying the hope and awe story, while risks to a good outcome multiply. All this is a continuation of the manufacturing…Continue Reading →
Volatility Massacre We have bee sitting back the past few days, letting the volatility massacre the players, as the bulls pay too much on these crazy rallys and then panic at the end of many of those days. Trading equity…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 →
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 →
Political and Economic Disruption With no new significant change news over the Easter / Passover weekend, this may be a time to look back, review and get all the ducks in a row as the stock market heads into an…Continue Reading →
If I had not been born on this day in 1943, I might have had a different title today, maybe “Waiting for the Accident”, as the current political scene seems to be setting up for something, although not today as…Continue Reading →
The Cheerleader The Administration’s cheerleader, Steve Mnuchin, did his best late last week with the chant “High Growth and No Inflation”. The energy of the Cheerleader feels like it does when a close game is almost out of time. This…Continue Reading →
I think this is a time to watch, we have our positions, the market seems to think this is about inflation and interest rates. I disagree in a way, the Fed’s main underlying focus is how to get things under…Continue Reading →
Performance replaces Hope With the virtual certainty of the passing of the new U.S. tax changes the final phase of the economic hope phase has been completed. Now we will be entering the economic performance phase. That is where traders…Continue Reading →