On that day the game makers in Washington convinced the world that they had everything figured out. The market did make a new high in the following days by a percent or so, but now the chickens are coming home…Continue Reading →
Following up on Themes The Economic Fracture The little hiccup in the market yesterday occurred at an important level and is the first indication of a change in the bounce since 12/24/18, other than a brief change on 1/29/19. The…Continue Reading →
The Verdict The verdict is still out on the stock market rally since Christmas Eve 2018. It has been impressive, but what does it say about the next 18 months. Prognosticators out in Force It seems that many want to…Continue Reading →
As tariff and corporate tax turmoil put a shadow over the world economy and hope and hype still rein over everything, it will be interesting to see which country or group of corporations will take the hit. Will it be…Continue Reading →
As long term readers know, we only mention a few information sources that we follow. One is John Mauldin’s letter, here is the one from last Saturday. It echo’s much of my take on things currently. John Mauldin 4/6/2019…Continue Reading →
Big Picture Doesn’t matter what Powell does or says this week. The issues driving the economy are Bernanke’s QE’s and Trump’s tax cuts. Old news and unproductive for Real Growth. We monitor the deflationary scorecard. Cross trends for stocks, commodities,…Continue Reading →
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 →
After corresponding with some of our readers we have edited the explanations of the chart to make it more readable.
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 →