As tariff and corporate tax turmoil put a shadow over the world economy and hope and hype still rein over everything, it will be interesting to see which country or group of corporations will take the hit. Will it be…Continue Reading →
As long term readers know, we only mention a few information sources that we follow. One is John Mauldin’s letter, here is the one from last Saturday. It echo’s much of my take on things currently. John Mauldin 4/6/2019…Continue Reading →
Big Picture Doesn’t matter what Powell does or says this week. The issues driving the economy are Bernanke’s QE’s and Trump’s tax cuts. Old news and unproductive for Real Growth. We monitor the deflationary scorecard. Cross trends for stocks, commodities,…Continue Reading →
The Environment At the moment I feel lost in an environment where economic fundamentals are ignored. The Atlanta Fed GDPNOW estimate for the first quarter has been updated three times and still is at 0.4 %. Economic reports add information…Continue Reading →
After corresponding with some of our readers we have edited the explanations of the chart to make it more readable.
Market was up against Big Resistance Basis the S&P the market has put some time in the 2620 – 2720 no-mans land price area. After using up a lot of energy over the past 16 days in that area there…Continue Reading →
Powell’s Viewpoint.. We don’t think he has changed his real posture. There is no way to know for sure, but it would appear probable there is some bad stuff brewing in the macro data that will be seen over the…Continue Reading →
The S&P seems to be languishing in that 2570 to 2620 trading area where the so called smart money is supposedly buying in anticipation of an upside breakout soon. The name Smart is in this case synonymous with fat cat…Continue Reading →
Yesterday the hotshots got the news that Government tax cut Financed stock buybacks by corporations will show up over the next few weeks. The Rebounds… This pushed the market back up to the 2689 S&P swing point late yesterday and…Continue Reading →