Biden Strong Dollar Trade
This morning we pulled the short Gold portion of that trade and put that money to work in more short S&P and Nasdaq 100. I hope you have a Good Thanksgiving.
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Big Action within the Turmoil
There is a lot of turmoil within this Strong dollar trade envelope but why wouldn’t there be, a macro turn up in the dollar and a macro turn down in the S&P setting up. Here is a table of the…Continue Reading →
Things are Unfolding
The following are three of the backup charts that we use, charts that I see as part of the adjustment to value in the macro environment. Here is the first, the Biden strong dollar trade that includes long bonds and…Continue Reading →
Sitting in No Mans Land
The markets have kind of settled into an area where they are in a sense exhausted, but no one wants to give up. CNBC’s Jim Cramer illustrates the majority Bullish contingent with his hype this morning “if you are not…Continue Reading →
Rotation or Sideways Spiral
We hear a lot of talk lately about the rotation of the markets from growth to value. Is that what is really happening, or is it a confused spiral reaction between hope, frustration, and reality. August 7th is sitting out…Continue Reading →
The Cost of the Bernanke Legacy
A generation of traders has been trained in a manner where they have never had to learn to calculate Risk. I have no idea how or when this will end, but it will end.
Goal Line Stand for the FED Bounce
With a number of indicators pointing to this weeks action as being the swan song of the short term FED move from the March 23rd low we are seeing a goal line stand here. I would expect this to continue…Continue Reading →
COVID Crunch setting in
There is not much new to discuss today. Trading scenarios are setting in place and breakouts are approaching. In looking over Big Monthly data it appears that the month of September was a transition period for most markets with a…Continue Reading →
Buy the Hope, Sell the Fact
What we are talking about is getting back to Normal. We are now in our second Wave of trying to get back to normal and the touters are shouting that this is the Great Reflation. The problem is, things can…Continue Reading →
The Trump Trade Unravels
What is real here ? Every whore on Wall Street is hooked into the Trump Trade. I would define the trade as a trade directly or indirectly supported by the US taxpayer. It could be zombie companies supported by government…Continue Reading →