Powell Victory..
Post at 9:30 AM CDT, two hours after report. It would appear to me that employment strength kind of puts the recession story to bed. With that said, it looks like the 2 yr is is telling the FED what…Continue Reading →
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Fed Control
Different game, different play. Five Fed governors yesterday tried to show that they are in control. They lost control a year ago with “transitory”. So forget pivot, there is nothing to pivot. Fed funds at 3.0 % is a good…Continue Reading →
The False all Clear signal
The False All Clear signal is getting a lot of play. It is the line that is used to describe the July Surprise in stocks. For me, I don’t see a FED Pivot as the market is making the adjustments….Continue Reading →
A boom outside the “Consumer Cauldron”.
A few highlights of last week’s market could work around ROKU and Walmart. I would say that following the FED and thinking things have not changed on the consumer front will not do you favors. Friday night Bloomberg had an…Continue Reading →
From a Financial Stability Standpoint
Review of Powell news conference today. These were the words that Chairman Powell used to explain the risks facing Americans. “From a financial stability standpoint we have already seen asset values drop a lot so the chances that they will…Continue Reading →
Day 52
Today we are an hour and a half from a Fed decision and 52 days out from the May 11 start of the bottoming process. Most stocks and sectors, especially deep tech, are well above the 52-day average and more…Continue Reading →
Relaxing time…
Last week I took some time off to relax and consolidate my thinking. The intense bottoming period between May 11 and June 16 was behind us, as the critical, what I call Practical Tech Sectors, called the market turn. Now,…Continue Reading →
Fed Followers…
Days like yesterday illustrate how well Jerome has done his job as he sees it. It has been reported that he has said the most important thing is what the market thinks the FED will do, not what it actually…Continue Reading →
Where We Are…
This past week I believe we have seen a number of things resolved based on activity over the May 11 to June 16 period: In commodity prices we have seen a top on June 9th and a downturn confirmed. We…Continue Reading →
Very Early Stage
Today’s rally out of the bottom is a good first step. We still are a long way from where the Big Shorts start covering. That will fuel the first big step. In the meantime we are seeing the 30% of…Continue Reading →