The Fed continues to show its true constituency, it loved creating artificial growth during the 2020-2021 bubble. Now they cannot stand the fact that real growth is looming. I will keep saying that a steady interest rate of maybe 3.5…Continue Reading →
Today we are seeing a response to a G20 meeting that showed a move to work together by Global players. Markets around the world are moving towards a breakout out of the FED induced bottom that started on May12th, 2022….Continue Reading →
The whole Macro formation in the S&P that started on May 11, 2022 has yet to see the Macro algorithms confirm an upside breakout. Until then, be patient, we will let you know when the breakout occurs. It has been…Continue Reading →
Yesterday’s rally was not really about the level of the CPI, it was about a huge pile of liquidity that was waiting for a trigger. Bernanke Policy is the driving force… What Nobel prize winning Ben brought to the world…Continue Reading →
It is likely the number won’t matter much tomorrow morning. It could be 8.7 or 7.7, the market has already made its adjustment, by beating up its problem areas like Bitcoin and Meta. Now the overall technical compression will be…Continue Reading →
That is probably the key takeaway. Inflation story is not good but the economy will grow through it. Other things: The Republican party is in decline. It probably needs an Eisenhower era, an era of working for the people. At…Continue Reading →
How this election goes will have a big effect on stock selection. We all know the FED is determined to keep pressure on the overall market, even proprietors of antique shops are talking about recession, as my wife and I…Continue Reading →
I will post some updated chart relationships at 9:30 AM CDT, one hour after the market opening. Some things that jump out to me are: 1) the China market action this week, and 2) the combined chart made up of…Continue Reading →
It seems like now is the time for market players to get rational. Since the market tested the June lows on October 14 a lot has happened. The waiting over the FED’s action is over. More importantly the market moved…Continue Reading →
The Drunk at the end of the bar. That is what Powell reminded me of yesterday, a lot of big talk for someone who was totally wrong for a long time.