We are just starting to see some glimpses of what a more balanced economy will look like. The lopsided approach that has dominated the country since 1980, when Reagan started the supply side, trickle down movement, is ending, albeit with…Continue Reading →
As you know I do not believe the reflation story is going to happen from here. In reality it started in the summer of 2019 when interest rates were pushed down to ridiculously low levels and is now ending. Will…Continue Reading →
Here is the chart of the dollar and the successful retest of the March 2009 high at 89.63. Last nights low was 89.73. March 2009 was the start of the S&P run, does this mean the stock market has run…Continue Reading →
With the FED meeting behind us, they affirming what we already knew, Zero interest rates forever. And two of the big guys, Paul Tudor Jones and Ray Dalio saying it is ok to putt money into something that has no…Continue Reading →
I keep being asked, What would happen if we had a Portfolio Insurance type panic now with the market massively overbought. Here is our S&P Forecast Model in which I inserted the 1987 crash pattern and the short term cycle…Continue Reading →
The stock market churn continues, but real cash to push the market higher is not readily available. Big players are still trying to figure out how to unload longs. The reins are about to come off.
Market players are in a state of paralysis, stocks are so strong and so not based on facts, but is their anything that could stop this? My view, overall availability of cash seems to be in a headwind. Our chart…Continue Reading →
I wasn’t going to say anything today, but I for some reason turned on the CNBC Fast Money Halftime show. It seems that even they are blown away by Door Dash IPO pricing. Hasn’t opened yet. Anyway they seem to…Continue Reading →
Probably the only thing going on today is behind the scenes. In my opinion, and I am in the minority, but nevertheless, this market is not about a big coming economic expansion, but more importantly the hope of a big…Continue Reading →
Back in the 50’s and 60’s your first car in high school had probably seen better days, even if you had dreams of it being the fastest car in high school. One thing that was needed many times was stop…Continue Reading →