Yesterday’s rally was not really about the level of the CPI, it was about a huge pile of liquidity that was waiting for a trigger. Bernanke Policy is the driving force… What Nobel prize winning Ben brought to the world…Continue Reading →
It is likely the number won’t matter much tomorrow morning. It could be 8.7 or 7.7, the market has already made its adjustment, by beating up its problem areas like Bitcoin and Meta. Now the overall technical compression will be…Continue Reading →
That is probably the key takeaway. Inflation story is not good but the economy will grow through it. Other things: The Republican party is in decline. It probably needs an Eisenhower era, an era of working for the people. At…Continue Reading →
How this election goes will have a big effect on stock selection. We all know the FED is determined to keep pressure on the overall market, even proprietors of antique shops are talking about recession, as my wife and I…Continue Reading →
I will post some updated chart relationships at 9:30 AM CDT, one hour after the market opening. Some things that jump out to me are: 1) the China market action this week, and 2) the combined chart made up of…Continue Reading →
It seems like now is the time for market players to get rational. Since the market tested the June lows on October 14 a lot has happened. The waiting over the FED’s action is over. More importantly the market moved…Continue Reading →
The Drunk at the end of the bar. That is what Powell reminded me of yesterday, a lot of big talk for someone who was totally wrong for a long time.
Today’s JOLTS number has all the pundits screaming about how employment cost increases are the problem and the FED will need to keep raising rates to counteract this. Wake up people, since Reagan’s Supply-Side economy was hatched in 1980, the…Continue Reading →
Everyone seems to be trying to wear themselves out in forecasting what the FED is going to do. For me, the Dollar tells the story. Over the past month the dollar hit the important 113 resitance area, and is rolling…Continue Reading →
Over the next 10 days, a lot is going to fall in place. First, we have the FED meeting which should have few surprises, another 0.75 hike in the FED funds rate, to get it in line with market forecasts….Continue Reading →