Mini-Crash Monday?
After Joe Biden’s well-delivered but wholly insufficient speech last night, the markets are poised to drop early today, and should there be a rally into the close, we might be among those buying short positions.
Investing
A Reasonable Court in an Unreasonable World
Some major SupCo decisions this week and we find them most agreeable. But they are not popular, depending on which one(s) you talk about. Today our main focus, being a holiday weekend, is on the charts. We are eyeing the coming few weeks to see if the end of the Wave 2 rally will become … Read More
Charts Whisper a Grim Future
IF (and is still iffy) the top of Wave 2 is in – and the market continues sliding into a major Wave 3 Down – certain aspects and timing about Future become clear. Because while there was much hype Friday about a “coup in Russia – like it was good news in some way – … Read More
Avoiding a “Solar Fleece”
A number of readers have asked me how to judge an investment in solar power. Today we will take a deep look at solarnomics. However, as you’ll discover, there’s a legal cloud – not so much an accounting issue – that lurks as great peril to solar investors. Yeah, including us. I got “bit” too. … Read More
Media Lies About the Job Numbers
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
PPI – UI Filings – Meandering to Down Markets
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
Small Data (and the Calendar!) Matter
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
Resurrecting America – Headwinds and Hope
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
Race to Armageddon
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
Job Numbers and Back to Bed
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
Job Cuts, Shortages on Horizon, Market’s Paradox
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
Rhymecast: Echoes of Locarno – Powell Saves Weimar II
Hard to make sense of the world through press off ejaculate “pressers” which artfully pick and choose morality to suit agitprop goals. However, through the lenses of history and economics, a pattern begins to fill in. And so, as near as we can figure it, the Weimar (II) has been saved by Powell as the … Read More
A Terrible Trend – Sinking the Lifeboats
The rally that stopped us out after a modest bear side short Monday continued into the market close. And the hell of it is? It’s likely to continue today. OK – fine. Rallies happen. And we did tell Peoplenomics subscribers on Saturday that: “Our favored view is higher Monday and Tuesday with Fed errors (raising anyway) … Read More