As Wall Street gets more and more imbedded in a Trump Victory, the Election setup gets even more interesting. Now the fear is the size of the deficits Trump would generate. Bonds blew out the bottom yesterday, wiping out last…Continue Reading →
It is notable that the Big Money has convinced itself that we are looking at a Trump win. Here is one quote put out this past weekend. A billionaire investor and former money manager for George Soros explained why he…Continue Reading →
The stock market is trying to ignore the fact that market interest rates did not go down after the last Fed cut. Instead, we see a market that is hoping for good earnings numbers. No doubt we will see some…Continue Reading →
My intuitive take on things is that bonds made a trading bottom yesterday, the cycle bottom having been made on 4/24/24. The all-important swing point on TLT that was established on the following dates, 3/28/24, 6/14/24, 7/31/24, 10/9/24, 10/15/24, is…Continue Reading →
Key day today, market is showing that traders of the Tech stocks are fully on board by reinstating their long positions. The RUT / NDQ ratio closed at 0.1100 and while the NDQ showed some weakness on the close at…Continue Reading →
One key factor in the long stretch of the NASDAQ 100 leadership of the bull market in terms of price can be viewed by the ratio of RUT vs NDQ. Lately it has seemed to be in danger of losing…Continue Reading →
Today we see what the verdict on interest rates has been. The economy remains robust and the working average interest rate rose to 3.826 from the 3.61 rate on Sept 17. The stock market is now in a time where…Continue Reading →
A little closer look at valuation chart. Remember yesterday when we posted a long-term chart showing our valuation measure. Here is a closeup, a chart using 30 minute bars, it shows the one day in the extreme overvaluation sector, before…Continue Reading →
The big question before the FED meeting was, what will market interest rates do after the FED does it reduction, whether 25 or 50 points. Here is what we know so far, probably need to check in on this coming…Continue Reading →
Here is what we feel Powell is going to say today. The economy is remaining remarkably resilient, while market interest rates have been expecting economic weakness. Today we cut rates a quarter point in an effort to balance somewhat the…Continue Reading →