Watching Demand..
We are now in what I would call the potentially early growth realization stage, lots of words but that is where we are. I continue to be working with the premise that inflation topped around Jun of 2022. I look…Continue Reading →
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Growth and Rising Rates..
Those are the two things in your windshield this week. Just following through on last Friday’s comments. This will initially create a headwind for stocks. Just be patient, we have time to see the S&P push through the 4300 area….Continue Reading →
GDP first quarter…
Traders seem to be concentrating on fighting the FED’s latest screwup, ie, the banking and commercial real estate areas, while the economy moves forward. GDPNow for first quarter just released, 3.2 percent — March 24, 2023. Plus, from all I…Continue Reading →
The 30-05 YC is Giving Everyone a Heads UP..
Late comment @ 1:45 PM CDT I obviously am optimistic about the direction out of this stage of the bottom formation that started last May 11 and with the average trade price on the S&P since that date of 3941…Continue Reading →
Mr Powell…
My view is goods inflation has been in the process of rolling over along with home rental rates. Services inflation is not going anywhere, it is in long term catchup mode. The FF trading high of 5.013 will probably be…Continue Reading →
Impending Doom…
What is going on? All this impending doom talk, that is so much two years late, that’s what should have been happening on May 3rd 2021, not now as the process towards stability and real markets is unfolding. So maybe…Continue Reading →
Markets are Keying on the Building blocks to Efficiency
See Monday Morning trading updates below: Regardless of how the bears want to spin the story, the fact is 3 month interest rates are not going to 6.0 %. The FED may raise rates 0.25 at this week’s meeting but…Continue Reading →
Weekend Review…
Here are two articles on the SVB and banking issue. One by John Mauldin who long-term readers will know is someone I respect, and one by a writer at WSJ which close friends know I quit reading when Murdoch bought…Continue Reading →
Something does not Feel Right…
It feels like a bad vibe is setting into the markets, the wrongs stuff is rallying this week, old tech, while the New Economy stocks are sucking air. The model is keeping all the New Economy stocks and dumping the…Continue Reading →
Notes for Friday…
Notes for Friday Long Oil and commodities have been two of the hideout trades along with Bitcoin during this transition period since February 2nd. It would appear that Bitcoin is a better place to hide, especially if you buy it…Continue Reading →