It’s axiomatic that the “markets can remain irrational longer than you can remain solvent.” But in our ChartPack section there are more than passing storm clouds to be considered on America’s horizon. Not the leastd of which is the country’s internal condition where the word “declining” would have to be taken as charitable. With a … Read More
Hand me the Financial Truth Detector kit, would you? OK, turning it on… Yikes! Bitcoin is down at $59,000 and change, so if this is an upside market breakout (rather than crass manipulation) it’s one of the strangest ever. Jobs – Dig Deep Second item in “the kit” is the total number of people working … Read More
Markets are set to rally today after a manic upside pop on the Fed “Do-Nothing” meeting results Wednesday that slammed (scammed?) the Dow up 450-points for a few minutes before falling back to Earth. Today, with the Challenger Job Cuts report looming, the market was pricing to retest those levels again today – with a … Read More
Like we told you, no change. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance … Read More
While our predicted Wave 3 down seems to continue organizing, we will address the elephant in the room for young people. Because conditions soon to appear will drive not only newly graduated from high school and colleges to question where the “best bet on Future” is, but as the economy unravels (from here) and in … Read More
This morning, we’re trying something new: Instead of two reports on Housing Data Day, we are just going to insert a line, like this: Housing Zoom-Zoom Just out 9from Case-Shiller/S&P/CoreLogic: 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 6.4% annual gain in February, up … Read More
Behold! A quiet Springly Morn. As long as you don’t dwell too much on what’s to come, not a bad day to get out of bed. Unfortunately, there’s all kinds of crap going on. The week will go to hell presently. Top of the List: War Northern Front: Slipping into More and Bigger – as … Read More
There was no picture taken of my shop “before.” It would be too embarrassing to reveal. However, as I worked on my personal energy block (“Come on, fool, why not not you done this shit yet?”) it occurred to me that I had never been in quite this position before. See, humans are limited apes. Sit … Read More
The odds of the Fed actually changing rates next week are low. But that doesn’t mean the markets won’t be doing some hedging just in case. While doing so, we have our eyes on a bank going banko and wonder how next weekend employment reports will sail, as well. Mainly, we’re hoping for a quiet … Read More
You may not be familiar with Daniel Handler’s series of children’s books, but the Lemony Snicket series, if in title and nothing else, does have a certain foreboding to it in finance. Let me explain with a starting Wiki: “Lemony Snicket is the pen name of American author Daniel Handler (born February 28, 1970). Handler has published various children’s books under … Read More
While the usual, run-of-the-mill, headlines offer little grist or solace, the financial calendar is filling up quickly. War among the poseurs. Before jumping into the GDP numbers, a quick follow-up for our Peoplenomics subscribers. As we were projecting in the ChartPack Wednesday, the Wave ((4)) rally may be over as the futures today hold up … Read More
Something more useful than market charts and insights today, We do a once-over on pain. The kind of aches and such that come with aging. Because, well, with any luck anyway, we’re all going to do lots of aging. If the world doesn’t blow up first. First, though, a few of the more interesting (and … Read More
Our national fascination with the macabre continues. While, sometimes like an old man, I wonder if I’m the only one who ever watched TV legal shows. You know the genre, right? Spans from Perry Mason to Suits. And while the material was OK, at least you could pick up a few high-minded notions about law … Read More