We are in a Macro Event
As the Macro event chart here shows, this is an evolving event. The raw numbers are having a bounce, but the smoothed trend signal vectors are headed lower. (chart updated today at early highs, S&P 3357, Nasdaq 100 11365).
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Waiting to roll off the Cliff
One would probably do well to move totally into the psychology side analysis of the market at this point. It is rather amazing that traders and investors with all the clues being thrown out since August 7th, have not run…Continue Reading →
They will try a Goal Line Stand Today
Basically traders still don’t get it, no doubt due to how easy it has been to be bullish with all the government assistance. So buyers are talking big today, “you just have to buy it here”, problem is they are…Continue Reading →
Only one thing is going to Change, the Market is going Down
What do I mean with that statement. Since the beginning of the year, and if you want to go back, all the way back to January 2018, there has not been a fundamental that would make you want to establish…Continue Reading →
When will they Ring the Bell
On debt.. Longtime readers of this blog know that my approach is as much philosophical as it is economics. For me what is important at this point in the path this country has followed over the past 40 years and…Continue Reading →
More indepth analysis at 11:20 AM CDT
A few more thoughts here to add to our earlier post today. We have seen a major technical breakout in the early trade today, but be aware that the CNBC crowd is investing most of their energy this morning into…Continue Reading →
Playing Out the Scenario
Early trading today shows that we may be seeing the breakout from the top formation that keyed on the August 7 market action. Apple and Walmart Diversion Watch the Wall Street Diversion effort going on today with Apple and Walmart…Continue Reading →
It’s Over
The hype, the manipulation, the lies. It’s a strange quiet morning. Is this how the market rolls over after all the turmoil since January 2018. It is almost like the election will just be a confirmation of a new world….Continue Reading →
It’s About so Many Things
What are we talking about ? The market decline over the past 9 days. First what CNBC and other market media likes to say, it is about the fact that the President and Congress cannot agree on further stimulus. That…Continue Reading →
Today’s Fed Meeting
Here are my brief thoughts: Fed Highlights today 1. No ZIRP inclination 2. Higher inflation goal 3. Stimulation needed for economy What Really Happens 1. Debt in charge, FED, Fiscal, and Zombies 2. Yield curve steepens 3. Growth will remain…Continue Reading →