How about a nice serving of Philly Fed and New U.I. filings to light up this morning? Might as well – the Ure’s are going in for teeth cleanings today while G2 holds down the fort. Very much a “doing the checklist” kind of day. Which means a column along the same lines. Economy? Check.
Day’s Data Drops
About that Philly Fed report:
The diffusion index for current general activity was little changed at a reading of -13.5 this month (see Chart 1), its 11th consecutive negative reading. More than 30 percent of the firms reported decreases, exceeding the 17 percent reporting increases; 49 percent of the firms reported no change in current activity. The index for new orders declined 5 points to -15.9, the index’s 14th consecutive negative reading. The current shipments index dropped sharply from 9.9 last month to -12.5 this month. More than 29 percent of the firms reported decreases in shipments (up from 21 percent last month), compared with 17 percent that reported increases (down from 31 percent); 51 percent reported no change (up from 45 percent).
The New U.I. filings looked like this, meanwhile:
But more important is the experiential. Here are the “big change State” for the week:
With all this, a split day in the Early Futures. Where the Dow was up forty-something. But the S&P was turning, as was the NASDAQ.
Frosting on it was BTC: Still treading water in the $30,290 area when we looked.
Putting on my Karnak hat, seems to me little a little down today, but then MAYBE one last gasp into the Friday Close.
PITA Week Ahead
A rally Friday (through the fog of brain) might even last into the opening Monday. Tuesday? Different deal next week because that’s when the new Case Shiller housing report comes in. And the Fed will gavel in for the two-dayer that will culminate next Wednesday in a 1/4 (with an outside chance of a 1/4-point) rate increase.
The hapless day trader is looking at the data: There’s some weak data support for going short at the Friday close. Since markets do seem to get weaker that Monday-after options Friday. But not a sure-enough thing to make big bets on. If you are top sniping? Good luck. Wave II will be over when it’s over and not before.
Av 9 is where our attention is next week. Day after the Fed announcement is the 27th (or it’s the 29th, reminds Chris Tyreman, depending on whether you follow the Law or the modern tweaks).
Our favorite (*non-corporate, so far as we know) foreign news site which has been tracking the Ukraine war closely is reporting this: Ukraine now a landlocked state: Russia cut off natural access to the Middle Sea and dismantled Odessa’s port infrastructure (images) – WarNews247 – Greek site, we use Google translate a lot for such sources.
The was a graphic we put up on the Peoplenomics side which *(somehow, operator error?) didn’t show up. But it’s Ure’s “tracking map” of where all the fighting is moving. Russia is already at war with NATO and WW 3 is underway. The lineup looks like this:
The red arrow is where the forces are having it out today.
Strangely (or not, this being not the same “free press” country we were sold) most of the useful coverage is from non-corporate controlled, out of country media, which reports stories like Russia attacks Odessa for 3rd time in 3 days after grain deal collapse – La Prensa Latina Media and Ukraine news: Russia attacks Odessa for third night | CTV News.
Yes, Canada may be getting more “straight scoop.” But a gold star to UPI for Ukraine: Russian airstrikes on Odessa injure 6, destroy 60,000 tons of grain – UPI.com.
For now, we’re thinking that Av 9 may be the “Battle of Odessa” next week and this is what we expect to see trotted out on the 27th or 29th to give shelter to the financial engineers who don’t want to own the markets collapsing.
But, we shall see. For now, the war is rotating into position to add the naval elements: White House: Russia considers attacking ships in Black Sea, blaming Ukraine (kyivindependent.com)
Speaking of made-up news, here’s one to keep an eye on: Google Is Pitching AI Tool That Can Generate News Articles: Report (businessinsider.com).
Look for Woe-dessa writ large in coming days. As soon as the corporate news controllers get the word and have some talking points to sell.
The low-T, low-IQ lefties in the Senate are up to the same-old shit: Power-grabbing. Senate Democrats Plan Vote Today on New Ethics Code for Supreme Court | The New York Sun (nysun.com). Which is rich coming from the corporate funding maestros in the Sinate. We’d sure like to see the Supreme Court issue from rules right back. And write the White House and blow child pops in too, while they’re at it. “Separation of Power” kiddies. Does this mean the Sotomayer kiddy books, not just the republican appointees?
Speaking of Blow Child: Marjorie Taylor Greene Shows Photos Of Naked Hunter Biden At IRS Whistleblower Hearing Oh, we can just hear the whiners but MTG gets point with us for hanging the truth out there for all to see. It’s an embarrassment to the Dodderer-in-Chief (and voters) that such pictures even exist…
Chinese Food Takeout: Like se said, China’s just going to entertain American climate blowhards – and do nothing: U.S.-China climate relations need ‘more work,’ envoy John Kerry says. Next at the takeout window: Xi hails ‘old friend’ Kissinger during meeting that harks back to an era of warmer ties.
Was it reader Andy? Powerball finally has a winner for $1 billion jackpot. Unless Andy went to L.A.? Wasn’t him. Yet.
Trust Captain Smiley: Our post yesterday with the voicemail from Capt. Smiley doing AI poetry wasn’t the only reason for his smiles: United Airlines (NASDAQ:UAL) Delivers Highest Quarterly Earnings; Outlook Bright – TipRanks.com. Ditto for another airline, too: American Airlines (AAL) 2Q 2023 earnings (cnbc.com).
Leave Us Voicemail Comments! That’s right! Leave your voicemail comments on our Voice to Web Audio line: 903-740-0596. Like here’s one:
Of course, we still support legacy – written – comments, as well. Easier to do voicemails from the car, depending on your Siri training, of course.
Around the Ranch: Dream Alert Issued
One of the oddities about future seems to be that as we get closer and closer to Big Inflection Points – which we suspect the weekend after this one will be – the more people will begin to “feel” it coming.
The relationship is almost like Michael Crichton’s description of how things arise out of quantum foam in his written description in his 2003 novel Timeline. The physics were somewhat lost in the movie, but not like that’s the first time, right?
It’s very much like the “kindling effect” we talked about last week in the Power Density Friday discussion. It’s as though (let me see if I can articulate this) the future’s arrival is a semi-scaled (or second derivative) of the Inverse Square law. The one that says double the distance from a light source and you get a quarter of the photons.
As we move closer to an inflection point, this time function seems to act in a kindling manner. Such that the closer we get to events, the better we can tune in on them
I’ve had multiple (serious) woo-woo events in life – seeing/knowing future in advance in dream states. But for me, the “actual events” are only seen in the sleep period before a future Event pops real. The longest leading time was “knowing” the oil rig fire (Deepwater Horizon) 18-hours in advance. The detour to avoid where a fatal accident occurred was like 3-hours after waking from the precognitive state.
My consigliere has been scanning the message boards where people occasionally post insights into the immediate future. Hasn’t seen anything, yet. But he was impressed with my dream state prediction of damage to the starboard rear of the hull on a sailboat he’d been looking at buying…
Three notes in passing, therefore are on my “Mentionables” list today.
- Be sensitive to your dreams over the next week. There are about 98 Biblical references to dreams that you can study over here. You’re not after the religiosity of it all. You’re after technique and how it happens.
- Second point is to go looking for your own “source code” on the way into, or out of sleep. This is where you will “see the Runes” and it’s not a hard practice to begin. Just learn to control your “mind’s eye”. When you first go to sleep, there’s a mental “switch” that allows you to turn off the visual cortex input. However, when you learn to really deeply relax, you will first see odd lights and designs, but then the runes can be seen. Just remember one of two symbols, if you can. One I had the other morning in this state was a triangle with a dot in the middle of it. Overs time you can get a collection of personal symbology going.
- The third thing is maybe do some sleepy time tinkering with the idea that dreams are really “portals” to other dimensions. At a minimum, going to sleep is like getting on a railroad. One end of which is the waking state, while the other end is Dream Realms. Up until recently, I had always crossed between waking and dreaming by going through what was almost like the railroad station in a Harry Potter movie. A switching place between modes of being. Here, recently (not all the time, though) it has become possible for me to wake up while still being able to (mentally) keep looking back – almost like seeing over your shoulder into a portal to the Other Side. After moving further into Waking state, the portal begins to close. Doesn’t snap shut, more like a slow dissolve in a movie. But it’s a fascinating idea – that personas/souls are portaling to ElseLives in ElseWhere? Is this the big USB plug-in to move data around between multiple simulations we’re in? Wow – whole heaps of interesting concept stuff to work on.
On that note, a little bit of food and nitrous for the cleaning, thanks.
Write when you get rich,