As all of you know well, trading the Macro side of the market requires absorbing a tremendous amount of bullshit as things unfold. Yesterday was one of those kind of days, a day to reassess and move forward. Following up…Continue Reading →
It seems events are kind of pushing my philosophical string today. I heard an interview today where the interviewee made the statement shown in todays title. People are looking through all the badness and are clinging to a vision that…Continue Reading →
Yeah, the economy is in bad shape but any of us paying attention are behind the eight ball. How long can this go on? We know what we are dealing with and have been for the last two years. A…Continue Reading →
In reviewing where economic things stand I have started by updating one of my more important Macro Picture charts, the F3 Asset valuation chart. While we have been seeing a constant wave of manipulation for some time, today may be…Continue Reading →
Over the years I have tended not to react to new news. First one has to find out that it was new news. One has to keep in mind that the economic cycle turned down in October 2018, and that…Continue Reading →
A few days ago we outlined the fundamental Macro picture that we see unfolding from here. With that the core position is in place. The next step is to set the hook on the technical side of the trade. We…Continue Reading →
This morning I feel a bit like I did in the 1980’s when I was fighting the Bunker Hunt silver market rally, trying to be short, but running in a state of disbelief towards the end of the move. All,…Continue Reading →
CNBC brought out their perennial bulls this morning with all kinds of explanations for why the stock market is acting so well. I do have to admit that the five day average for the S&P, at this moment at 9:45…Continue Reading →
What if a Perfect World for the Contrarian is at hand. A world where stocks collapse, bond prices rally, and gold takes off. The Gold / Dollar chart suggests that event is at hand..