Dollar breached 111.70 level…
That is probably all that we need to know today. Everything else has been on the market setup has been covered over the past three weeks.
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Saturday Check-IN
Updating our sector sort numbers for a little perspective this morning. First a couple of comments, the low of the total market valuation chart that we shared on 9/27/22 and showed the bubble had been punctured was pressed yesterday with…Continue Reading →
Incomes are UP
PCE numbers this morning showed consumer incomes are up, this along with good employment report indications yesterday. That is the very important as the end of the FED’s Economic Destruction phase is here. As the CRB commodity index and oil…Continue Reading →
Dollar is the Canary in the Mine…
Watch the dollar, big money is massively short stocks. A dollar trade under 113.00 is further confirmation, 111.70 opens the trap doors. S&P will have a fight until it closes over 3900. Update at 2:25 PM CDT Quite a fight…Continue Reading →
The Slow Switch to the New Economy
The market seems to find the switch a bit puzzling, as much of the action over the past 10 years has focused around consumerism, stuff like buying new running shoes or new phones every year. Getting real and taking on…Continue Reading →
Clean-up Mode
Today is what I would call the clean-up phase of the bubble bursting yesterday, probably a lot of pieces of rubber lying around. Pressure on bonds completed the test of levels set on 9/4/19, kind of the base for the…Continue Reading →
Climate Change Portfolio
At this moment the stocks in the model portfolio are: Biotech: ARKG, SGFY, TDOC, VIR, CRSP, BEAM, NTRA, FATE, DNA, TWST, NTLA, SSYS EV: RIVN, PLUG, QS, BLNK, NIO CHIPS/TECH: ARKK, NVDA, PATH, MICR, SMH.PATH SOLAR: RUN, CSIQ, NOVA, JKS,…Continue Reading →
It’s Over
All the FED posturing that we have been enduring since June 16, 2022 is over in my opinion. As of yesterday they have succeeded in puncturing the bubble, congratulations. Of course, if they had done their job correctly, we all…Continue Reading →
Sector Performance Update, with Special Dollar Comments
Here is the sector table updated through last Friday. Note the sectors listed as Biotech, Solar, EV, and Chips make up 80 % of our portfolio. Looking back to when the bottom of the market started on May 11, 2022…Continue Reading →
Sunday Afternoon, Playing with Numbers
I am having a little fun this afternoon. I went to the trading screen and ran some numbers show relationships between 2-year interest rates and each of the main three indices, S&P 500, 30 year bonds, and CRB commodity prices….Continue Reading →