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
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
Although the market is coiled to strike higher in the pre-open, a lot now depends on which “voice” of this hallelujah choir will crack first. Our report this morning will be in two parts – one of them being the Housing numbers in a few minutes. The level of violence in Ukraine continues to escalate … Read More
Not exactly a busy weekend. Sure, the word is a budget deal has been cut, but for now, we’re just waiting to see how the reviews will go on the hill where the Cast of Clowns II takes over. Where prospects are uncertain. Debt-Limit Deal Sets Up Tough Battle for Passage in Congress. We are … Read More
OK, line ’em up! We begin with a slug of reports of modest importance today. Let’s start with the Durable Goods because this is as much bellwether of future, as anything: It’s an OK report in that it doesn’t look like a recession before lunch. About the same time, here comes the International Trade report … Read More
I guess we should get the economics of life out of the way first. This being Thursday, the new unemployment filings are out: What matters most to us, here lately, is the state-drilldown into UI filings: GDP is holding up but remember when inflation is running “officially” in 5+ percent range, we get a lot … Read More
Party Before Work, we believe. So before jumping brain-first into the news flow, it’s focus on the fun that we (supposedly) buy with all our hard work in Life: Pre-Hol(iday) Tasking Memo is a simple concept. We are 3 1/2-days out (no one will really work after lunch on a holiday weekend Friday, right?) from … Read More
Maybe one more uptick to go this week before things get “interesting.” See, there are many parts to the game of Musical Chairs – subtext “the Blame Game” – being played now: The GOP budget no-go-ciators are trying to unwind the Buy’ed Em madness hamstringing of America’s energy independence. The dim’s are going-along with the … Read More
Yes, we are going to build something (first of 2 parts today) but there is a TON of important background to wrap-around before heading into the shop. So, from the beginning…NONE OF THIS IS MEDICAL ADVICE. You are reading ravings of a crazy man – pure and simple – right? We have, over the years, … Read More
A Quest for Answers. Markets this week closed above a critical “trading box” so it means its time to start penciling out more inflection points ahead. As we figure it now, without a Chinese move on Taiwan or the (eventual) escalation of to tactical nuclear weapons in Ukraine (besides depleted uranium which will poison their … Read More
Mediterranean? Keto? Paleo? Bewildering choices, We have a few ideas. Which is well-timed since right after this morning’s post, Elaine and I go in for fasting blood draws. Key to us is the idea of “instrumentation” of senior health. In addition to the electronics of aging – a recording pulse-ox, CPAP data software, and a … Read More
Cocktail Napkin Economics – CNE – is our focus before returning to “money-grubbing trader” activities. Economics does NOT have to be so full of bullshit and mathematical obfuscations. It got this way because of “quants.” Economics, understand, is at its core pretty simple. People will generally earn and spend in their own best interests. Thence … Read More
Our main focus today is on the balance of this month and into next from an economics and charts perspective. Because there is a split – quite obvious when you read financial headlines. One faction is expecting “recession avoidance” because of the big, powerful, American economy. The other still sees dead banks walking as the … Read More