Powell Update..
My take, Powell is no Volker. Accommodation is his middle name, big talk, little action.
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Watching Powell
And maybe something even more important, China. Today I will be watching for indications that Powell has learned something over the past two years, not what he is going to do, but how his thought processes have changed. The Ukranian…Continue Reading →
Market Puzzle Change Coming
We have added some further analysis following today’s close. We periodically post our Market Puzzle chart, which shows the percentage change in various indexes versus the January 26, 2018 juncture point. That was the point where Trump’s Tax and Tariff…Continue Reading →
NDX 100 and the FED
Weekend update # 3 The NASDQ 100 is pricing in a 1.8 Trillion dollar decline in the FED Balance Sheet. If you believe that, there is a bridge for sale. Here is a chart that we have shown here before,…Continue Reading →
Sitting on a Pile of Cash
Weekend Update # 2 Sitting on a pile of cash while the world crashes around you… That is what i see in today’s markets. To have this perspective you have to put the Fed Balance Sheet front and center. It…Continue Reading →
Ukranian Wedge
Weekend Update # 1 I have to say that I am a little uncomfortable with things at the end of this week. The atrocity that has rained down on Ukraine is the most senseless thing I have seen in all…Continue Reading →
Stalemate
Today, and maybe the condition continues until a couple of days after next week’s FED meeting, the market has entered into a state of lethargy. Stocks got crazy earlier in the week, but have bounced a bit and now are…Continue Reading →
Some Random Items
I am watching today. Market is making some nice moves, not strong enough to add positions yet. Tomorrow will provide more input with a really bad CPI report expected. The 2 yr interest rate is anticipating that number, let’s see…Continue Reading →
Bottoms are Different, with update after today’s close
We are on rally alert as of the end of the Biden speech on oil this morning. To my way of thinking, the market is still in the bubble, although it is pushing strongly on the bottom of it. In…Continue Reading →
One Problem Gone, One to Go
The two problems that I am referring to are Trump and Putin. Trump went down, now the world has to face the fact that they don’t have a Russia problem, rather they have a Putin problem. So, as we watch…Continue Reading →