The Environment At the moment I feel lost in an environment where economic fundamentals are ignored. The Atlanta Fed GDPNOW estimate for the first quarter has been updated three times and still is at 0.4 %. Economic reports add information…Continue Reading →
Market was up against Big Resistance Basis the S&P the market has put some time in the 2620 – 2720 no-mans land price area. After using up a lot of energy over the past 16 days in that area there…Continue Reading →
Powell’s Viewpoint.. We don’t think he has changed his real posture. There is no way to know for sure, but it would appear probable there is some bad stuff brewing in the macro data that will be seen over the…Continue Reading →
The S&P seems to be languishing in that 2570 to 2620 trading area where the so called smart money is supposedly buying in anticipation of an upside breakout soon. The name Smart is in this case synonymous with fat cat…Continue Reading →
Yesterday the hotshots got the news that Government tax cut Financed stock buybacks by corporations will show up over the next few weeks. The Rebounds… This pushed the market back up to the 2689 S&P swing point late yesterday and…Continue Reading →
It will be much worse, this market will have to deal with the effects of the arrogance of Bernanke, Trump, McConnell, and Ryan before it finds stability. That will be take much more than a 33% decline. !987 was just…Continue Reading →
Everyone around the world seems to be wringing their hands over what the Donald is doing. You can probably relax. People like him have the combination of ego and ignorance to do themselves in. The world is coming to realize…Continue Reading →
If I had not been born on this day in 1943, I might have had a different title today, maybe “Waiting for the Accident”, as the current political scene seems to be setting up for something, although not today as…Continue Reading →