Today we are seeing what appears in early trade as a confirmation that one of our favorite trade ideas is breaking out…. This is the SHORT FANGS, LONG DOLLAR AND GOLD trade. See chart here: Further thoughts at midday.. The…Continue Reading →
This is a bit like late February 2020, before we knew about Covid, and stocks were overpriced, when the Longs were fighting each other on the edge of a cliff. Many markets are reflecting a deep confusion, and some rightly…Continue Reading →
After ten years of artificial markets based on artificial economics signaled by Fed Chair Ben Bernanke in the Fall of 2011 with QE2, the markets don’t have a real solid direction. Recent market action, especially over the past few days…Continue Reading →
Todays Consumer Confidence report showed again, the people are not buying the happy talk that Wall Street is throwing out. Yes the government has provided lots of cash over the past 18 months, but money velocity figures show that people…Continue Reading →
Here are some thoughts at the moment: The market got a surprise last week and an inner bubble was burst, however the market now has to do more work, rotation, if you will, before the Macro Bubble Implodes. We will…Continue Reading →
Big words are in focus, Bubble, Vacuum, Covid, Crash. This may take time or not, but it will happen.
As of last Friday the market has entered into what I call Vacuum Time. This is the time when market technicals are at a crossroads. A time when a Macro High or Macro Low makes an extreme turn and then…Continue Reading →
I doubt forecasting is relevant at this point. The FED liquidity runup, April 2020 to October 2020 was what it was. The Biden “Build back Better” balloon since is history. From here watch for an Event that creates a Buyer…Continue Reading →
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 →
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 →