If you are visiting UrbanSurvival today and wondering “What the hell’s going on with Markets…collapsing like they are this morning…” the answer’s simple. You missed Monday’s column, or you would have already been braced for what’s coming at the (bloody opening) this morning. I say bloody because we were looking at the Dow dropping between … Read More
Our work in ‘matters economic’ are of more than passing interest. Already, even before the US markets opened, I’d made a “new Camry-sized bet” about what I thought will happen in markets today. It would be inappropriate for me to reveal the specifics of that trade because it might be construed as “financial advice.” So I … Read More
The four witches refers to the fact that this is quadruple witching day.. That’s when index options, stock options, commodities, and bonds all go through the process called settlement. It’s the quarter “Make good on contracts” event. It’s not unusual to see a decent-sized market move from Thursday to Friday because of how options settle. … Read More
This is a great economy – if your name happens to be AT&T or FOX. But, that’s not the case for working Americans. But, what does matter is our growth prospects. Wednesday, the Federal Reserve chairman Jerome Powell announced the expected quarter point hike in the Fed’s key rate. Not a great big deal, except … Read More
Consumer Prices have just been released by the Labor Department. Here’s the summary of data to be mindful of: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis after rising 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last … Read More
This morning you will learn about “Global Billionaire Communism” (GBC). But we need to back up to our Thursday morning report to put this in proper context. As I told you yesterday: be looking for “game-changer” news beginning at 10:45 AM Eastern time and through today’s close. Market’s at an inflection point in our work.. … Read More
Very short post this morning. Long one was wiped out when our “big pipe” onto the net went down. We are in severe thunderstorms this morning so “hold that drought.” I will be making notes and updating as we go…on battery power right now. Rain and hail coming down like mad. Briefly: : Bitcoin 7,500, … Read More
We correctly told our Peoplenomics.com subscribers Wednesday morning to consider the possibility of a strong rally. If you didn’t catch it, it came to pass – right on schedule – in Wednesday’s trading with the market rallying 306 points. You may not care (or, you’d ante up the $40-bucks a year for the good stuff in Peoplenomics), … Read More
Not the most polite question, to be sure, but worth asking with the release of this morning’s Housing Data. Here’s the press release – see what you think: HOME PRICES NOT SLOWING DOWN ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX NEW YORK, MAY 29, 2018 – S&P Dow Jones Indices today released the latest results for … Read More
Reader Note: We will put up a fresh post when the new Case-Shiller Housing Market data is released. Look for the update about 8:15 AM Central. The return on my personal portfolio for the year should jump into double-digits, the way futures are looking this morning. That’s because “when the market dumps, Ure jumps.” Ah, … Read More
If you sneak out of work early today, you won’t be the only one. Millions will head out for what’s functionally the real start of summer, regardless of what the “official” calendars might claim about June 21st. The price of gas is over $4-bucks now in a lot of places, and in New York over … Read More
Hard to make an educated guess at markets over the next few days. You see, there’s a calendar versus the cycles versus the news battle to be considered. The calendar view suggests that often (but far from always) the markets will get a pop to the upside because of rampant optimism. America is still here … Read More
The Futures this morning point to the Dow moving up 230-points, or thereabouts, at the open. But, before you run out and buy into the long side, a couple of words of caution, if we may? For one, no matter how impressive the intraday run is, we need to see an even higher close before … Read More