An amazing day, the 3609 area was triggered with a big cushion on the opening, and now the market has trailed down to 3605. This has all the makings of a historic top. Tying it All Together.. In our Special…Continue Reading →
There is much that I want to say in this post. I am sure I will leave some things out, but it is is one of those rare Sunday afternoons that I write a post early before Monday morning, so…Continue Reading →
China and the US markets are loaded up. No doubt the biggest factor is the US FED whose message has been – you can ignore risk, we have your back, price multiples are not important. Looking around the world at…Continue Reading →
For me to say I cannot believe what I am seeing. Fifty years of trading did not prepare me for the election response I am seeing the past two days. Undoubtedly I am looking at markets as an old man,…Continue Reading →
Regardless of who wins the Presidency I don’t think I have been more bearish on the country or the stock markets. We live in the midst of a cruel and dysfunctional population. I realize the problem is maybe more the…Continue Reading →
This election is not really about just COVID, Black Lives Matter, Trump, or any other one topic, it is about the Conservative philosophy vs the Liberal philosophy. My pre-election summation this morning, is the big speculative money is on the…Continue Reading →
It would appear that Biden will be the winner on Tuesday. The overwhelming response of women, young people and minorities seem poised to set the culture war back to the stone age. Ironically, even though Tom Steyer was not successful…Continue Reading →
Market response today confirms a breakout is in play. How low could things go, I have no idea, The 200 day average of our Macro Algo is 43 % down from todays lows at 11:00 CDT. That would be kind…Continue Reading →
This week we have seen the first part of the great unwind of three years of hype and P/E Multiples. What the market seems to ignore is that it needs to primarily deal with the dislocations associated with the move…Continue Reading →
The market is headed down. 2500 points down in the Dow does not necessarily mean 7500 more points down (1/3 in the first leg), but it might. Here is our Macro Fed Influence chart, shot taken at 9:30 AM CDT….Continue Reading →