The Biggest Lie
As the markets today are taking facts into account it is probably good to look back at the Big Lie, the assertion that things were good in the economy before COVID 19 came along. If you want to look back…Continue Reading →
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The Depth of Lies now Surpasses the Weapons of Mass Destruction Mania of 2003
An important time for me, that is when I gave up on the Republican Party and moved to the Democrats. I am not enthralled with them either, especially the old guard that are tied to lobbyists, but there are enough…Continue Reading →
Question Everything
We are in a time where the word “unprecedented” seems to be the most used word. Within that structure the real question is how much of the unprecedented info is real. The push to get back to normal creates an…Continue Reading →
Just letting the Macro Unfold
This is the P&L chart for the Macro trade that we outlined on June 5. We are still in the core position build area, trade is positive by just a little over 2.3 %.
The markets Refuse to be Defensive
My view is unchanged and I have tried to remain consistent. You can go back to the January 9, 2020 post, before COVID 19 hysteria. The Macro direction is lower, you can be defensive or you can think this is…Continue Reading →
It is up to Masks and Common Sense
Trump, Mnuchin, and Powell don’t get it. Forget Pence. There is only one thing that has a chance of saving the economy, Masks. Where I live, Chicago area, there seems to be little comprehension of this. The modeling has to…Continue Reading →
Macro trade still within positioning mode
June 5th was and remains an important measuring point. Our long financials (Bonds and Gold) vs short assets (Stocks and Commodities) Macro trade is still in a positioning mode. As of noon today CDT, since June 5, Bonds are up…Continue Reading →
Off the Rails, Trump down 8 points
What we are seeing today is nothing more than a Hail Mary move on the part of the Trump Fed to turn around the election Polls. It will fail. The big problem for Trump is that people and the economy…Continue Reading →
No Panic Yet
It is early, just 8:40 AM CDT. Market is sharply lower but gold is also lower. That is probably all we need to know at this point. The bulls still see the FED as their savior, they are just mildly…Continue Reading →
The Normal Attraction is Strong
This morning we are seeing a bounce back of almost half of yesterdays market move. The manipulators still have home field advantage, but we are still in the first inning. A Sad Time for America The lack of an organized…Continue Reading →