While we wait for what seems like a Wave 2 rally to complete, a look at what life’s really like around here. Sure, people talk about wanting to get back to simpler times, but when comes down to it, are you sure that getting reacquainted with sweat is something you’re interested in? I mean a … Read More
A couple of grim realities, before we get into this morning’s Consumer Prices report: The first is that CV-19 is nowhere near “whipped” and secondly, although social distancing has slowed the pace, that may give us some important insights into the American propensity to “jump the gun” (and in this case, the shark). What are … Read More
We won’t trivialize the importance of what’s going on with the virus: Looks like our first “bet” of the day will be what time we break the 1.5-million cases and when we pass through 90-thousand global deaths. Any second now… Our forecasts have been better than nothing to plan around. And we’re pleased to see a … Read More
A trip into deeper entanglement woo-woo. On tap because we need a diversion from all the bad (and terrible) virus news. Yeah,-sure, we have plenty of that. too. First, however, our usual montage of some news headlines and virus outlooks, along with a basic “sanity check” in the ChartPack. More for Subscribers ||| Not a … Read More
In case you weren’t clear on the answer to the question “Has America gone nuts?” Allow me to lay the answer on you as a simple visual: As you c an see, we did a major decline from the all-time high of February 19th and we have been doing what in Elliott Wave terms is … Read More
The Fix Is In: Market will rally at the open this morning, but in the meantime, the president’s warning that the deaths will be piling up at faster than ever rates, has been displaced with a dandy sense of denial. Markets are working hard at creating “Greater Fools.” Let’s be logical, for a moment, though, … Read More
Reason to ask in an email from someone we know: “Is it just me, or is anyone else starting to take bets on if Facebook will survive this lockdown? I mean yeah, it helped pass the time and all in the beginning… but have you ever been stuck in a confined space full of morons … Read More
Since I’ve been posting about the return of Depression to America for more than 20-years – suggesting people do quaint things like pay off debt, get rural, invest in food, make some of your own power, live where there’s water…you know, stupid ideas like that – I’d like to offer some perspectives to anchor your … Read More
Think it’s been hard with the market decline, so far? Brace yourself. It could be getting a lot worse in short-order. This morning we focus on concrete actions you can take to reinforce your future, if all of our charts, particularly the 1929 replay chart, haven’t gotten your attention, yet. First up, a critical look … Read More
Is the Master of Disaster in the House? First thing out of the hopper today is the employment data from the Department of Labor. Here’s what their news release lays out. (Short version? Sucks) Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of … Read More
Million case Thursday? We may get there this afternoon. Cases were up a little more than 10% Wednesday, and if it happens today, we could squeak over a million before midnight. Against the grim, the only press releases we figured that would matter this morning were these: JOB CUTS SURGE TO 222,288 IN MARCH; COVID … Read More
As COVID-19 sloshes around, we suggest some serious movie-watching as a tonic. Not that we’re not fans of high drama or spaghetti westerns…it’s period information we’re after. Because out present-day period is going away. Which year we “land in” will matter. “Duh movies” seems like an easy way to pick up a lot of historical … Read More
Before we get into the Housing Data, a word here about the timeframe of the data. We are at the end of March. The data here is January sales data. Pandemic impact on housing won’t be evident for some months, yet. “Data released today for January 2020 show that home prices continue to increase at … Read More