A transparent no bullshit Fed Chair would have said: This is a tough job, but ending the free money game that Ben started in 2011 was a good place to start. This is a huge change to the economic equation….Continue Reading →
It would be refreshing if Powell tomorrow honored the most important part of the FED mandate, Economic Stability. The markets are screaming for it. They are tired of the pattern of volatility that Bernanke started in the fall of 2011….Continue Reading →
The market knows more than the FED. While everyone expects the FED to be hawkish and overkill tomorrow, the interest rate markets continue to say the FED has hiked enough. My favorite chart, 2 yr vs 3 mo. A downtrend…Continue Reading →
The driving force for the markets is moving away from inflation and rising rates and now resides in the minds of the Bears, the coming earnings outlook. On the other hand it will be interesting to see if the FED…Continue Reading →
in a sense Wall Street is lost, they have been playing in artificial markets for so long that they don’t know what a real market looks like. The numbers that are coming out of the economy have everybody on Wall…Continue Reading →
I am not looking for a Christmas Rally, I am looking for the SPX to support in the current 3830 to 4130 catch area, 3930 yesterday put us in the heart of it. From this level a move higher with…Continue Reading →
This is what we have been awaiting, a confirmation of the May 11 to October 14 fundamental support, a technical confirmation of the 2022 stock market bottom. We got it today on the close, our algo turned bullish. You may…Continue Reading →
As the economic backstory changes, the market and its traders are rather uncomfortable with the parameters that are evolving. Labor strength is holding, grass roots industrial basics are holding, but where everyone has parked their money, the consumer Fang stock…Continue Reading →
Inequality is finally getting the fix working. Employment and wages are strong. The inflation story will work itself out. Algo Model is signaling a buy on the NASDAQ 100 this morning.
Some late thoughts today. To me it is refreshing to see the stocks of Snowflake, CrowdStrike, Meta, Apple, and Salesforce get taken behind the woodshed and get a little common sense. Now the markets can get started in dealing with…Continue Reading →