Dandy article on the G.A. Stewart website today about how the pending NYC truckers action – in response to bad governance – is actually something of a major milestone in Nostradamus forecasts. “Free City of Liberty Enslaved” is the article. And it resonates deeply around here. For a couple of reasons, actually. Pappy always raised us … Read More
No, the “Fat Lady” hasn’t started singing, yet. But in our ChartPack today, you can definitely get the sense she’s “tuning up.” Since this is a semi/sort-of Holiday Weekend, we will keep our remarks brief. I have a birthday party to prepare for – although living an isolated life, that means thawing a prime rib … Read More
In the back of my addled and aging brain, the notion that this is a Joe Harnell Market is being repeated. Over and over again. Fly Me to the Moon Bossa Nova. There’s no logic to what’s going on, unless you’ve studied previous financial stampedes. In which case, it fits a pattern. Bitcoin at $52,353.40 earlier, has … Read More
“OK, I’m capitulating on Bitcoin.” It was my consigliere calling on Wednesday to throw in the towel. This wizened old tax attorney had started the conversation by asking “Is this Uncle? Check Ure email. I send you and [redacted colleague] an explanation. I’m calling “Uncle.” Wholly without his consent, here’s what the email said: “OK … Read More
Plus 18 charts and forward projections in our ChartPack. Boy, do we know how to have a good time, or what? That nosebleed on Tuesday will not be far from our minds, though. Because if the Chiefs’ win holds as “the turning point” for this overpriced pig of a market, then coming weeks will see … Read More
With the CPI trainwreck this morning, look what’s it’s done to our trading boxes. Definitely looks like “Look out Below!” territory… This could be fun. Meanwhile, BTCs were headed down to $48.5K – which means this Wave 2 rally for BTC basis Nov 8, 2021 MAY also be over. And want me to take another … Read More
Welcome back to the poop deck of once Titanic America. Where the ship of state has been seriously holed, not by an iceberg, but excesses of Marxism and Monetarism. “If the right one don’t get’cha, then the left one will” sang Tennessee Ernie Ford. While loading 16-tons. Hot As Hell CPI “The Consumer Price Index … Read More
As we laid it out for Peoplenomics.com subscribers before game time, there was a hell of a set-up for a potential market top to be in. We see it in our Wave Projector based on our Aggregate Index view of markets. Look at the upper right small trading boxes in this chart and you can … Read More
Ah, the weekend arrives. Super Bowl and all. Time Travel Alert Get out your stopwatch. As soon as the frantic announcers call the “Two minute warning!” hit the stopwatch. I’ve been times when two-minutes remaining runs upwards of 20-minutes on the local clocks. Might be an interesting head trip to follow. For those of us … Read More
Sure everyone has heard about the Super Bowl Indicator. Basically, this weekend if the 9’ers win, the market should soar. But if it’s KC? Then the indicator says best lookout below. What everyone should also know is that the indicator – which has been around since at least 1978 is not especially good at predicting … Read More
America stands on the edge of a Great Unraveling. It’s like reading a story, written by someone on drugs. Been an interesting read – up until here – but now the absurdity of plot begins to become clear. Remarkably, it’s not on just one side of the political aisle, either. Both sides have (and this … Read More
On our Peoplenomics.com subscription site, we have been tracking for some weeks now the potential for the markets to roll over in this area for one very simple reason. All the Elliott Wave requirements (for a major high) were met at the close Wednesday in our Aggregate markets index. What’s more, if you guessed that some … Read More
The problem with Covid is that no one has been held accountable. Which becomes an incentive for a repeat use. So, while wars seem to rage on the surface in places like Ukraine, Gaza, and Yemen, the personal question far off to the side is “Which weapon next? “ The answer may be staring at … Read More