The MAGA Conservatives in contrast to Europe, believe the U.S. is undergoing a counter-revolution toward smaller government, fewer regulations, more fossil fuels, an expanding military, less DEI and woke, more secure borders, legal-only immigration, and renewed faith. In fact, while…Continue Reading →
This morning, we see a situation where fundamentals are kind of dodgy but the market has taken a lift anyway. Traditional analysis will keep many traders on the sidelines. I do think the markets are in some kind of state…Continue Reading →
We have yet to start the Bubble phase. My Animal Spirits Index continues to show timidity. People’s bullishness is based on believing in the Manipulator at the Pulpit, yet what they see in the real world is sluggish employment and…Continue Reading →
Bitcoin and Trump’s DJT stock seem to be having some trouble here, 66,000 on Bitcoin now becomes a possibility. The Answer, yes, it is unraveling but it will take longer than you think to get back to normal. In the…Continue Reading →
Hey Mr. Trump, forget eggs as the cause of unaffordability. Your approach to Climate Change is the biggest negative for consumer affordability at this time. See today’s NYT article “A Climate Shock is eroding Home values”. That is why we…Continue Reading →
Yesterday we saw a bit of AI adjustment. That is good, Larry Ellison is the armpit of the nation. But the fact remains that Wall Street believes the tax cut, less regulation, Powell talking about increasing productivity story, and that…Continue Reading →
Markets seem to be taking a little break prior to seeing the real employment numbers next week, albeit as Powell suggests that employment is probably being overstated by 40 to 60 thousand per month these days. It probably does make…Continue Reading →
This Fed Meeting rollout should be rather exciting to watch. The Bond bears have decided that there is a big problem with the Yield Curve expansion that the stock bulls see as bullish on stocks. The consumer bears see a…Continue Reading →
Once in a while I share something that seems to be relevant to me. Here is a piece this morning from the Bahnsen Group that I have subscribed to for some time. I have found that their info provides a…Continue Reading →
We probably have had enough digestion of last week’s activity. So, markets seem to be ready to start moving up again. The fundamental bullish backdrop remains simply a combination of rising government deficits, rising GDP based on the AI buildout,…Continue Reading →