Oversold Bull!

Park the Bull Market Talk. We don’t mean to be critical of the me-too press, but… Yeah, this morning a few hard facts the cheerleader pom-pom media didn’t bother to emphasize while driving the market higher this week. This being the middle of summer sweats around here, we’re keeping our focus on the Charts and … Read more

FedThink Thursday and Market Waffles

On the surface,  today is starting off as another ho-hum.  But, when we look beneath the surface, there are some Big Important Moving Parts creaking into place. Fed Consumer Spending+ We detest the Fed’s lack of “data candor.”  A familiar example began when St. Greenspan decided to hide the broadest measure of Money Stocks – … Read more

On Ancient Humans and Modern Markets

We enjoy contrast.  Without it, life is blurry, unclear.  Meaningless. Yet today, we may be working toward the answer to the big “Where we came from” story. Two important pre-prints have landed.  One Evidence for deliberate burial of the dead by Homo naledi | bioRxiv while the other is 241,000 to 335,000 Years Old Rock … Read more

Jobs Too Strong? Next Week: Reality Arrives

Sometimes, you can’t win for trying.  The Fed (and the Biden administration) are facing a real mess with the Jobs data.  The reason?  If Jobs are too good then the economy overheats.  There are signs of that even now. We’ll begin with a summary of this week’s jobs data. JOLTS: The report out Wednesday showed on the … Read more

First Job Data, Pack of Fools, Phrenology’s Return

Two snips of Jobs Data ahead of the “Offishall” numbers tomorrow. ADP Job creation report?  Still strong-ish but pay’s going up. ROSELAND, N.J. – June 1, 2023 – Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP® National Employment Report. To us, … Read more

Time to Spin Off the West?

Socialism’s darlings on the West Coast are starting to find their future is dimming quickly. Today, we consider latest Housing numbers – where the declines are clearest in financial terms.  But, even beyond this, the ancillary data supports the notion of moving “Back East.” Toss in a barrel full of liberal Constitutional abandonment and excess … Read more

ShopTalk Sunday: Anti-Alz. Light Assembly, Stacked Projects

Sorry to report the anti-Alzheimer’s light project (designed to flick at 40 Hz to potentially improve cognition) didn’t get completely finished this week.  Too little time and too much else going on. But we did make a good start on assembly, so let’s go from there. We begin with the pile of parts.  (See last … Read more