In the wake of the Las Vegas shooting last year I wrote a mighty long piece in which I not only chronicled the adventures of a hypothetical Deep State operation that I dubbed Directorate 153, but I also first mentioned the criticality of March 22. The adventure – which I have clipped and posted from the original … Read More
Well, here we is (sic) – March 22 – and this is ideally when in our strange view of reality, US Market MIGHT take to the high-board in a very 1929-like way. I predicted this last month based on our work on the Peoplenomics side of the house, Dow futures were down more than 200 points earlier. We … Read More
With the Fed meeting today, we are looking at the larger picture and asking…the same old question. Where’s the value? We think social media is beginning to crack up and as we laid out their business models as far back as 2013, we could see trouble coming. But, it’s not social media that’s gone bad. When today’s latest … Read More
On the Peoplenomics side of the house, we will be taking on a very complicated subject in the ChartPack tomorrow: How much of our contradictory signals in the economy right now can be traced back to corporate tax reform? And while THAT debate (and modeling) continue, there’s the matter of the coming jobs collapse … Read More
I will make it really, really simple for you in case you haven’t paid attention: I’ve been mentioning the possibility of a stock market crash on (or around) March 22 for about a month, now. It’s not all that had to figure. It was 55- calendar days from the market highs in early September 1929 until the … Read More
Before we get into this morning’s Consumer Price Report from the Labor Department, a reality check is suggested because of what I’ve long-held is one of the Big Lies in economics. I refer to what John Maynard Keynes talked about: He sold the marginally-sane idea that there is a prevailing level of prices. It is this, … Read More
This is a hell of a week for stocks. We have option quadruple expiration Friday, and with the Dow very near the same levels as last month, we don’t expect too much out of the ordinary until the following Monday. Despite being up 50 points in the early futures trade, remember the market STILL needs … Read More
I have been watching with rapt fascination (like in a horror flick) as the data comes in on Bitcoin Trading which we’ve been tracking using our trend-channels and Elliott wave counts. Up until now, it had looked like the worst might be over, but this morning when we looked at how the coiners were doing, our … Read More
This is one of those slow-motion roll-outs that happens every month: The latest job numbers come in three ways: ADP has a job creation report. Out yesterday and up. Meantime, Challenger job cuts is just out and reads like this: “The nation’s employers announced plans to cut 35,369 jobs in February, down 20 percent from the 44,653 cuts … Read More
Sure looks that way to us as we tend to make investments based on the concept of “price channels.” When I take a snip from the www.bitcoincharts.com website and toss my trend-channel view at things, it looks like the way is opening for a rally to north of $35,000 – but this is not investment advice! … Read More
I got a chuckle out of a note from Bullish Bob Bagley (a real broker) who sent me a reminder this morning “…it’s also a full moon!” Well, yeah, there is that… Chuckles mean something on days like this when economics is pretty serious. On the other hand, I told you we were in cash and … Read More
The unilateral imposition of “smart tariffs” on aluminum and steel imports is both a very good thing, and a bad thing. Plus, it reveals what we expected about the nature and thinking style of Donald Trump; it is far from reassuring. This is an almost Peoplenomics.com style of report (sans links and data sources). It’s the … Read More
The Universe has a wry – some would say sick – sense of humor. But that’s one way to read the departure of Hope Hicks who has been White House Communications Director. There are many ways to read this. The MSM approach over here seems to broadly tie her departure to the appearance before a congressional committee. … Read More