Case-Shiller monthly take on the Housing market is just out. “YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a -0.2% annual decrease in April, down from a gain of 0.7% in the previous month. The 10-City Composite showed a decrease of -1.2%, down from the … Read More
Yeah – we need to piss test Wall Street. And the NYC Media Moguls. A rally based on what, Friday, for crying out loud? America deserves full disclosure of who’s getting what money (perks and comps) for doing such a horrible spin on the economy and blowing the stock market skyward with smoke and hype. … Read More
It all begins with rent. From there, we see a computer software design pattern kick it. From a single act of systemic compliance, a whole shitshow of logical consequences follows. One on the previous, day after night. There is a problem – existential in nature – that lurks with this “commerce model.” Specifically, the issue … 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
Three smallish data points today kick off our Reality Review. These are not the most gossiped thing on social, which focuses on anything Orange, and stories like Dalai Lama, 87, apologises after kissing young boy on the lips and asking child to ‘suck’ his tongue. Thanks, pass. Well, sort of… Smaller stories – the ones that get glossed over … Read More
Yes, the stock market is closed. Good Friday, don’tcha know. But this warms me to our first Agenda Item. What’s so “Good” about “Good Friday?” To cite from Wikipedia (Etymology entry): “‘Good Friday’ comes from the sense ‘pious, holy’ of the word “good”.[13] Less common examples of expressions based on this obsolete sense of “good” include … Read More
Ure has turned over a new leaf: shorter reports. Just not today. Job Cuts First Second horse pick in the weekly financial trifecta: Challenger Job Cuts: “Job Cuts Rise 15% in March 2023, Up 319% from Same Month Last Year, Highest Q1 Since 2020 | Challenger, Gray & Christmas, Inc. (challengergray.com) Which then continues with … Read More
The curse of George Ure is ALWAYS being too early. I booked a small loss Wednesday because of misjudging the start of what may be the beginning of the stock market shaking off the recent banking mania. Although, in fairness, Arnold’s “I’ll be back…” line is likely to be apropos. The future is always clear … Read More
There’s too much going on to mess with flowery language today. We have a ton to cover before the next leg down. But we need, like the Air Force 2025 study did, circa 1996, to consider the long-term historical “Where’ve we been?” and “Where we are going?” kind of questions. Bank runs and Crypto’s role … Read More
Although the new GDP (gross domestic product) report is out, I want to tell you why it’s a bad indicator in many ways. All has to do with inflation. So, pretend you show up at a used car lot. You need a beater for getting to work. You spy some 20-year old import and the … Read More
Out of recognition of my personal dopamine addiction tendency to over-trade a bit, we need to begin with the set-up going into a three-day weekend. This is one I MAY short. Because things will likely be runaway positive next week, or we will slip down the icy slope toward global collapse (and war to follow). … Read More
Yes, we’re figuring things are going seriously off the rails, and we are holding a (painfully expensive so far) short position against the market going into today. We think it’s way overpriced. Why? (CPI) Well, that’s a good one, ain’t it? We are at an illogical point, even up through the futures this morning before the … Read More
I don’t know about you, but I’m getting sick of butt-covering by “Officialdom” instead of leveling-up with the Public. We ain’t all stupid, but we understand that idea deeply. A fine example this week was when the very same air travel-related computer systems failed – at the same time – in the U.S. and Canada. … Read More