There is No Worry
That is what we see today in the market as interest rates continue their move higher from Friday’s lows. Traders see no change in the big picture, they see a FED that has created this Bubble and is not expected…Continue Reading →
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Altered States
To me the most overused phrase in the past year has been “New Normal”. What a joke. There is no new normal, only what I would call “Altered States”. Interestingly as government seems to believe that it can make everything…Continue Reading →
Setting up as a Classic Squeeze Top
Todays shocking employment report reaction is a classic in terms of how squeezed markets react. Usually a squeeze is carried out by private interests, but this government (FED) squeeze is a bit of a different animal. There are a lot…Continue Reading →
The Big Surprise today, Inflation
The wage increase percentage, 0.6 % monthly, or 7.2 % annual is the big number in the report. Plus the economy is stalling.
A Perverse Investment Philosophy
Following on the market actions of this week, the twitter guru’s, basically followers of Jerome, are saying COVID has been bad and is still bad, so this will give a poor employment number and Jerome will just keep piling in…Continue Reading →
The Analysis Theme
Continuing on with what I said a few days ago. For the last 16 months analysis has appeared to have no value, the Fed was willing to continue the “NO Consequences Economy”. What I mean here is that negative actions…Continue Reading →
Risks are Tripling
Since the start of COVID we have seen a one factor market, Jerome Powell and the FED. Now we are seeing two more factors added to the market, a declining consumer factor, and the inflation factor. All this as fundamental…Continue Reading →
No Surprises Today
Chairman Powell is consistent, he is willing to keep expanding the bubble into the explosion. Embedded inflation is lurking and consumers are getting scared. Market interest rates will move to the front in this scene as the meaningless Fed Funds…Continue Reading →
It is Time to get Serious
I am back from vacation. It was a good period of reading and relaxing and long walks. Fed Chairman Powell is speaking tomorrow at the virtual Jackson Hole meeting. I wonder if they will have virtual steaks and mountains. In…Continue Reading →
A History Lesson
I feel fortunate in many ways for having had the opportunity to be a part of and live through over 50 years of significant dollar related economic history. This due to the fact that I started trading as a member…Continue Reading →