Traders seem to be concentrating on fighting the FED’s latest screwup, ie, the banking and commercial real estate areas, while the economy moves forward. GDPNow for first quarter just released, 3.2 percent — March 24, 2023. Plus, from all I…Continue Reading →
Late comment @ 1:45 PM CDT I obviously am optimistic about the direction out of this stage of the bottom formation that started last May 11 and with the average trade price on the S&P since that date of 3941…Continue Reading →
My view is goods inflation has been in the process of rolling over along with home rental rates. Services inflation is not going anywhere, it is in long term catchup mode. The FF trading high of 5.013 will probably be…Continue Reading →
What is going on? All this impending doom talk, that is so much two years late, that’s what should have been happening on May 3rd 2021, not now as the process towards stability and real markets is unfolding. So maybe…Continue Reading →
See Monday Morning trading updates below: Regardless of how the bears want to spin the story, the fact is 3 month interest rates are not going to 6.0 %. The FED may raise rates 0.25 at this week’s meeting but…Continue Reading →
Here are two articles on the SVB and banking issue. One by John Mauldin who long-term readers will know is someone I respect, and one by a writer at WSJ which close friends know I quit reading when Murdoch bought…Continue Reading →
It feels like a bad vibe is setting into the markets, the wrongs stuff is rallying this week, old tech, while the New Economy stocks are sucking air. The model is keeping all the New Economy stocks and dumping the…Continue Reading →
Notes for Friday Long Oil and commodities have been two of the hideout trades along with Bitcoin during this transition period since February 2nd. It would appear that Bitcoin is a better place to hide, especially if you buy it…Continue Reading →
Just out, GDPNow, First quarter 2023, Latest estimate: 3.2 percent — March 16, 2023. Growth continues to defy the inflation & recession crowd. My view, inflation is now the No 2 problem, Instability by a FED that won’t own up…Continue Reading →
I generally type things into my notepad as the day goes by and then try to make it into a coherent message. Over the past couple of days the various news threads seem to be all over the place. So…Continue Reading →