The market decline this week may have marked the end of Wave II. Which would be, in Elliott Wave counts and trend channels be the rally lasting about 192 days from 2022 lows. Which was preceded by Wave 1 down from November 8, 2021. Today, we consider our ChartPack and wonder how far down we … Read More
ho was it, just the other day, told me they’d finished Jared Diamond’s book Guns, Germs, and Steel: The Fates of Human Societies (20th Anniversary Edition). They remarked it seemed a bit wordy. “He said things that could have been 10-words or less, in a hundred…” Since I’m still carving out time to finish editing The … Read More
I’ve always found eating a couple of times a day a useful endeavor. And what helps buy the bread is dough and that means a job. So, yeah, jobs are changing around a bit. For example, in the JOLTS report this week, we learned that people who held onto their jobs got about a 6.2 … Read More
“You can’t take it with you” is a common saying as old age and Death approach late in Life. But, economics argues that might not be the case. What seems more likely is that there is something we take and we propose that special “something” is what becomes our “currency” in (or if) there’s an … Read More
Early futures were pointing to a downer at the open this morning. Not a major “falling out of bed” but after that pop up into the close Monday, a rebalancing before the jobs data (ADP) starts to pop tomorrow. Over the Shoulder: In Monday’s column, we called it “Week on Rails” and said “…we would … Read More
The Weekly Dart Toss begins. With very little market-shifting news early, we would not be surprised to see the market edge up during the early session today. But, then a day or two of downside as the markets MIGHT roll with “Sell the Rumor, Buy the News” as this is Jobs Week. That means we … Read More
The Radio Detective is back! A VTVM is what? Vacuum Tube Volt Meter. “But George, you idiot, I don’t HAVE a VTVM!” Totally get that. But you see, it’s a nice, simple, way to dabble your toes into things electronic. Thing of this as two weekends of “easy learning” a few things about how electronics … Read More
Not as profound as Carl Jung’s Dreams, Memories, Reflections. But a pretty good analog. A few words about woo-woo work and what came out of some unusual dream work overnight. But sure, the mundane and the charts, of course… More for Subscribers ||| Missing out? SUBSCRIBE NOW!!! ||| Subscriber Help Center
Markets were set to bounce back a bit at the open today. After the blow down Thursday. Today, looks to us like a rally to the trend line in this view: True, there has been much hype and shilling about recent runs in some of the individual indices. However, our Aggregate View knocks the statistical … Read More
This morning’s report features an air conditioning failure in the main house, so I’m just “cooling it” in the office today. Funny how “Spidey sense” works. It was just two weeks back air conditioning was on my mind. To the point of ordering a new window unit for the office (this one). Even went to … Read More
One of our real experts called this one right. Here’s his voicemail in reaction to the Fed moves in the last hour: As you may know: The Fed only raised a quarter. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these … Read More
Let me give you the end of the article first: The Covid-Climate Dividend is here. There’s a deafening silence about it from officialdom. Many moving parts to this. A rollover from hand tools to machines, to computers to A.I. points toward a “useless eaters” problem just ahead. While wars are waged for property, the right … Read More
Fair question, as we see it: NEW YORK, JULY 25, 2023: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2023 show all 20 major metro markets reported month-over-month price increases for the third straight … Read More