Just waiting for tomorrow’s U.S. employment number. I would expect a decent number, no big increase in unemployment. Also I believe we are beyond the Bernanke Economic Period where bad numbers were good for stocks and good numbers were bad…Continue Reading →
We are only into the third day of the retest of the June 16 bottom on the S&P. At the moment we still have the big money shorts and the technicians fighting this early move. The only technical number for…Continue Reading →
Good market action today as stable interest rates make a comeback, getting FED Funds rate up to 3.436 percent was an important final step. S&P will find resistance at 39.90 between now and the election. My guess is that an…Continue Reading →
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.
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 →
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 →
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 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 →
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 →
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 →