As I have been telling you, the major story this week for markets has been the jobs reports. The ADP report out Wednesday didn’t look too bad. But the Challenger job cuts report out Thursday was a little less optimistic, showing cuts had rebounded, some. So this morning, we get right to the Department of … Read More
With the Federal Reserve rolling in M1 (which is being puffed up at a nearly 12% annual rate presently) it seems odd that I would tell you in the May 6 column that “Markets to Drift Lower.” Yet, on May 6th, the S&P 500 closed at 2,057 and change. Yesterday’s close was at 2,047 and … Read More
First, we want to extend sincere wishes for the well-being of readers in the Lake Chelan, Washington area where the Chelan Hills fire (see map here) has really blown up. Wildfires are just one of the modern convergences that come with industrialization. It’s early in the fire season – which runs to October (and later, … Read More
Ah! Here for your “news replacement therapy” are you? For those asleep at the switch, let’s start with why holiday markets matter here in what looks like terminal bubble behavior. Markets have already moved from an aggregate high of 65,718.45 down to a recent low of 64,209.31 — roughly a 1,500-point haircut. That is large … Read More
There is increasing activity in China and the Western (rabid) social media about war – in one form, or another – around February 17th. This isn’t just on social – it’s also showing up in Google Search trend analysis. On the left, you’ll see mid December, a spike in mid January. But we are most concerned … Read More
Power, Prices, and Preparedness: Three talking points with the hash browns: What Trump said in Greenland, what it means, and how he’s out on the margins now. Markets slammed through the 85-Day average to the downside. This is likely the rally above before lower. And the Mainstream again underscores its failure to empower the people … Read More
Today’s agenda is simple: Hard, soft, and out there. The hard part is markets are trying to shake off the Friday (small Elliott 1) down. Tempering Christmas with management skills. And best of all? A great investment of time in “soul level work” looms over holidays. BTR: Market Made Simple Stocks fell on their ass Friday. … Read More
10 AM today, Fed boss Jerome Powell speaks. We hope he uses our “Magician” speech. The one where he says “There is no magic in economics. Money does not just appear.” The one where someone speaks to the raging stampede “There’s no free lunch, this tariff stuff is only a tax on foreign-made goods. Do … Read More
Living for a decade (and some) on a sailboat, you develop a way of “seeing the Outer to understand the Inner.” As it is again, today. This particular insight has to do with charter fishing boats – which explains everything in Finance, if you have the patience to watch long enough. Today’s saga began as I … Read More
“OK, what’s so “magical” about Monday. Did you miss the they suck memo?” Heavens no. But over the weekend, if you were paying attention, the fairy dust of modern media fell on Switzerland. How so? Swiss Voters Back Higher Pensions, Reject Working Longer. See how it works? As the world becomes addicted to Free Lunch (inflationomics) the … Read More
Just how crazy – out of its flipping mind – is the Market? My first calculation today demonstrates this to a tee. We take the close last Friday in our meta index (the Peoplenomics Aggregate Index) which is based on the silly notion that at any one moment there is only so much money in the world. After that, … Read More
Reader Note: I made a couple of changes to the site you may notice, depending on caffeine loading. The first is the home page is now two columns (except on phones) so you can scan what’s going on more quickly. The other change is to underline links in our content, so it’s (more) clear you’re … Read More
Monday on a Tuesday – cool invention! Is this a great country, or what? Because of the “breaking” natures of events, the submarine search is better handled by outfits like Sky News. Housing Vs. Interest Rates Just dropped by the FedGov is today’s report on Housing Starts. What gets to be the “interesting calculus going … Read More