What is at Risk?
As longtime readers can attest, John Mauldin has been one of my favorite market people to read. Here is his letter, out today, which does a good job at explaining the playing field. If one has been trying as I…Continue Reading →
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The Bulls are getting lost in the Narratives
The current runup in the market out of the March 2020 lows has gone through a series of explanatory narratives when really there have only been two primary factors, Powell’s Funny Money Fed and Biden’s hail Mary Covid/Infrastructure cash cascade….Continue Reading →
the Picture is becoming Clearer..
Increasing embedded inflation is the story. Our long Dollar, short Stocks, short Bonds, core trade position, and the bigger, long Dollar, short Stocks, short Bonds, short Gold, and short Commodities position is developing in this position building stage.
Does the Infrastructure Bill change things for the Bubble ?
My view is that it does move the money around within the Bubble, but the Bubble is still intact and the pressure against the bubble boundary top that commenced on July 26 is still there. Here is the chart of…Continue Reading →
Still in a Bubble
Friday’s employment report shed a little light on things but the fact remains, the market is tightly controlled by those who created the Bubble and they have not figured a way to get out of it without triggering a Crash….Continue Reading →
Waiting, Waiting
I have been on vacation for a week, out of touch other than by radio, came back into town to look at the markets today. It is like nothing happened for a week, the rotation in the bubble continues, just…Continue Reading →
Surprises Coming
What the S&P and Nasdaq longs may be ignoring is the most important factor, capturing their gains from the Artificial Finance 2011 to 2021 era. (Basically QE2 through FED COVID response). So where can one move the money, you cannot…Continue Reading →
Is this more than a Bounce ?
Yesterday and today are what I would call a brutal test of the TOP FORMATION that has been developing since February 24, 2021. So far the test is going well. Stay tuned. Everything we have said this week holds.
Opportunity Time & Meltdown Chart
A little review here on what we see now. The dollar is a key ingredient, the December lows where we put on our initial long dollar DXY positions at 90.13 was added to yesterday at 92.79. First objective is in…Continue Reading →
Three Weeks Away
That is how much time it will take before the market decline breaks out to decidedly lower levels. We now should see bounces and lots of happy talk from CNBC cheerleaders and the Tom Lee “Follow the Fed Crowd”. More…Continue Reading →