No, and we can’t hear the fat lady singing yet. However, while there is still a risk of an upside blowoff into the New Year, the odds are starting to shift now. Especially with today getting down to where things were before the election bear-running by the bulls. We will keep an eye on it … Read More
The futures were showing a little bit of forward motion in the early futures today. The U.S. Election was not the end of the world. And, as we pointed out in Peoplenomics yesterday, markets (and people) do OK when the president and congress are of different beliefs. Free spenders in congress won’t be able to get … Read More
What would a visiting alien civilization make of Wall Street’s election relief rally? That’s the question behind this week’s 43-page Peoplenomics ChartPack, The Orbital Outlook. We climb aboard a latter-day USS Enterprise, put the scanners on high, and examine Earth’s financial markets without the usual political baggage. From orbit, the election may have changed who’s … Read More
Three Times Tuesday may sound like cranky-old-man math. But it’s really a reference to three clock points today that could drive the future. Or at least give the markets an excuse to have another nervous breakdown. Clock Point One: Oil. Oil prices are one of those market indicators that can make a perfectly good rally … Read More
Buy the rumor, sell the elections? It’s going to be a hard morning on the bears who crawled under the bed Friday fearing the end of the world. We’re sure the dust bunnies appreciated the visit, though. News Compressor: ON Please refer to your Program for the layout of today. Nothing-then-something is the planning schema … Read More
In keeping with now being retired (or retarded, your call) life is slowly moving over into the “more time for survival, research” column. From now, UrbanSurvival will have pertinent news summaries with the occasional research, economic, or “whatever moves me” commentary. The key change around here is personal time allocation. I can get a briefing … Read More
Monday could be one of the more revealing market sessions of the year. The bulls will be selling normalcy, hoping for a rally back toward the broken 85-day moving average. The bears will be watching for something uglier: the possibility that the AI investment boom has begun transitioning from unlimited promises to expensive financial reality. … Read More
Here is the problem in a nutshell: In 1929 (whose Crashiversary hit this week) it took about 55 Calendar days and 37 Tradintg days for the onset of the Depression to show up. The immediate problem ahead? The next two weeks are like to “turn to shit before your eyes.” Not saying they will. For now, … Read More
That is the question today. Asia was relatively “chill” overnight, save the KOSPI which is almost down to 5,900. But this gets me to first things: My consigliere called Wednesday to remind me to put a book by on my reading list. Wang Huning’s Book: “America against America” (1991) – on Amazon here. Here’s the … Read More
Because of retirement – and having quit the clicks and ads game long ago – we are moving our server plan to something cheaper. UrbanSurvival comes out of my pocket – and the only revenue source for all our work continues to be Peoplenomics.com subscriptions. Details here, if interested. As a result of this movement, … Read More
Lingo matters: “The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a strong pace. While uncertainty remains elevated owing, … Read More
The market may have one more uphill run left in it. In today’s Peoplenomics ChartPack, our Aggregate Index is back above its 85-day moving average—the “line in the sand”—while the Magic Ovals and state-variance studies leave room for additional upside. The fast bulls are still ahead of the slow bulls. That keeps a rally in … Read More
You’ve heard the stories at the bar. “You want the Good news, or the Bad about inflation?” asks a player. “Uh…Ure call….” “OK, here’s the Housing data – you work it out!” Year-Over-Year The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.1% annual gain in … Read More