A Wild Apex
All through this Bubble I have wondered how it would end, expecting the big money to put in a major effort to pull in the public at the end. Here we see it today, the Russell and the Dow are…Continue Reading →
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Power Play on the Turn
As the underlying stocks roll over, watching RUT and DJI stocks, all the emphasis is now focused on the FANG stocks and the FED is doing its part to keep pressure on interest rates and the Dollar as the overall…Continue Reading →
Confirmation Week Coming Up
First I will repeat a more complete version of what I posted last midweek. It would appear that a new phase in the markets is beginning. But this change is in a very early stage as the CNBC cheerleaders do…Continue Reading →
Philosophy Break
It would appear that a new phase in the markets is beginning. But this change is in a very early stage as the CNBC cheerleaders do not acknowledge anything new developing. The thing that this brings to mind…. Contrarianism, ie….Continue Reading →
Going Down,
How will it feel and what will the narrative be? More than likely it will be the opposite of Going Up… Nothing will make sense in spite of a wide array of fundamentals thrown out by the media.. Earnings, inflation,…Continue Reading →
Not Much New Today
Interest rate markets are in a quandary, is the pressure on rates due to weak economic forces or FED manipulation. Inflation direction remains upward. The S&P Hedging model added another unit of short S&P at 4709 as the RSI is…Continue Reading →
Where things are..
Lance Roberts has done a good job of handling the markets over the past 18 months, while I have been stuck in the valuation analysis/inequality trap. Here is what he says now. Did The Fed Just Set The Stock Market…Continue Reading →
Taper Tantrum Task Force
Today we see two things, 1) good numbers on employment and the 2) Taper Tantrum Task Force is all over the various bond markets, good job all around. Not much to analyze. The S&P Hedge Model added one more unit…Continue Reading →
It’s Down to Powell and the Big Question.. Recession or Inflation
Today the early trade seems to be a “Jerome Appreciation Celebration” as he appears to have convinced the markets yesterday that valuations don’t matter and all the players have to do is follow his cues. Has this turned into a…Continue Reading →
Another Canary
Zombie companies now in focus. HYG junk bonds, Mnuchin’s favorite charity, would appear to be feeling the effect of higher inflation and interest rates. HYG is taking a hit on the downside today.