The background economic data that we presented yesterday should make the picture clear. This market is tied to something other than reality. Analysts always say that manipulated markets don’t react to data, they don’t have to because data is not…Continue Reading →
This feels like the week that I have been waiting to happen for nine years. What I mean is that since the start of Bernanke’s QE2 Funny Money saga what I have wanted to see is a time where everybody,…Continue Reading →
The markets will come to the realization that the markets P/E multiples are not due to rapid growth but by funneled funny money. We could see stock prices cut in half while at the same time having employment rise. This…Continue Reading →
As we outlined the scenario a couple of days ago, Big Money is unloading because Macro Fundamentals are making a historic roll over. The Buyers here are what I would call the “think they are smart money, the various CNBC…Continue Reading →
Trump has taught Americans that speculation and leverage are easier than hard work. Can we unlearn this, it will be difficult and probably will require some combination of inflation and high, not just higher, interest rates. We now are going…Continue Reading →
While the financial media wants to spin this as the Biden Rally, it is not. Moving to Main Street and doing real growth investments will not be the same to the markets as the Wall Street move the money to…Continue Reading →
Tomorrow is Thanksgiving Day and in my years on this earth I don’t think I have ever seen such a gap between the haves and have nots and the public policy that is unwilling to address that gap. A substantial…Continue Reading →
This morning we pulled the short Gold portion of that trade and put that money to work in more short S&P and Nasdaq 100. I hope you have a Good Thanksgiving.
There is a lot of turmoil within this Strong dollar trade envelope but why wouldn’t there be, a macro turn up in the dollar and a macro turn down in the S&P setting up. Here is a table of the…Continue Reading →
The following are three of the backup charts that we use, charts that I see as part of the adjustment to value in the macro environment. Here is the first, the Biden strong dollar trade that includes long bonds and…Continue Reading →