The Mexico Invasion begins anew today. We’ll get to that down the page so as not to get topic-banned in search… ahem… Let’s instead start the day with P.P.I. – Producer Price Index – numbers. Because while we are still shocked at the stupidity of [controlled] media running up someone’s book in the market Wednesday, PPI … Read more
We won’t say the Market is being manipulated, but we will note the official read of today’s CPI numbers was: CPI for all items rises 0.4% in April; shelter, used cars and trucks, and gasoline up Typical hype in the face of Reality by corporate-own mouthpiece media? Inflation: Consumer prices in April rise at slowest … Read more
Life marches on – and with it, me – off to get an updated eye prescription. So we will try to remain “focused” for a change. (Argh!) First item on the list is the National Federation of Independent Business report looking at forward conditions: Yes, they’re coming. But, no, not yet… Owners expecting better business … Read more
We have a number of important items on our “news budget” this week. Beginning with a virtual turkey in financial markets while the masses try to figure out what the Future holds. Apparently, it may not hold Joe Biden. NEW POLL: Trump Leading Biden By 7 Points in 2024 Race (mediaite.com). The reason for “show … Read more
Stock futures were pointing to another down opening to markets. In the wake of the Fed hike Wednesday to the highest level in 16-years. Naturally, loving free dough, we snagged a little “lunch money” in the deal, but (I know this will sound odd) there’s no real pleasure to making a few bucks on a … Read more
I guess today’s Housing report matters, to the degree you can drive by looking in the rearview mirror. We’d mentioned before that it seems like a slow topping process was ongoing as net-to-seller due to higher interest rates was coming home to land on the mini-bubble: S&P CORELOGIC CASE-SHILLER INDEX DECLINES MODERATED IN FEBRUARY YEAR-OVER-YEAR … Read more
Money Monday, and we will see in coming hours if my going short into the close of stocks Friday will be a hit or a miss. Small wager only – no point bleeding out before The End. Likely the most interesting part of this morning’s column is towards the end. In the Around the Ranch (ATR) … Read more
Troubling Thursday begins with a mandatory market check. Which, in the early Futures pricing today was about what you’d expect for Index Options Day. Dow futures were pointing down some 130-points in the early going. Upon inspection of our Aggregate Index, we see how troubled markets are lining up for a possible downside surprise next … Read more
Money Monday offers a choice of economic wars to focus on. We’ll toss out the easy ones first. Commie-fornia – the People’s Republik as it’s been called – is now featuring a new quite disgusting pander to Mob Rule. (It’s what communist insurgencies do, after all.) See, at the heart of anti-American socialist engineering is … Read more
Some time back – perhaps a month or two – we mentioned a slight chance of a major rally based on use of “trading boxes.” In our unconventional way of looking at markets, drawing of rectangles on charts offers some occasionally useful insights. This weekend, a drill down a bit into the “trading boxes” which … Read more
I told subscribers my trading position Saturday: yes, I went short into the close on pre-holiday Thursday. Just in the last hour, a bearish tone has emerged and in our Aggregated Markets view of things, hard down is likely if the lower support level (lower right) breaks in today’s trading: If the light-colored ascending channel … Read more
With European markets on “chill” for the Day After Easter, and with the U.S. markets spongy as gold prices are down a bit, seems to us like a fine morning for a balanced outlook. Oh sure, easy from a raw economics standpoint to point at a growing pile of stories about the pending recession – … Read more
China has been building relationships while the U.S. relies on “positional power.” Which, in an age of changing resources, amounts to resting on our laurels while a challenger moves ahead. At once, we have three (or more) potential war fronts along with a fall from grace for the U.S. dollar. In our effort to handicap … Read more