In the back of my addled and aging brain, the notion that this is a Joe Harnell Market is being repeated. Over and over again.  Fly Me to the Moon Bossa Nova.  There’s no logic to what’s going on, unless you’ve studied previous financial stampedes. In which case, it fits a pattern. Bitcoin at $52,353.40 earlier, has … Read More

“OK, I’m capitulating on Bitcoin.”  It was my consigliere calling on Wednesday to throw in the towel.  This wizened old tax attorney had started the conversation by asking “Is this Uncle? Check Ure email. I send you and [redacted colleague] an explanation. I’m calling “Uncle.” Wholly without his consent, here’s what the email said: “OK … Read More

Plus 18 charts and  forward projections in our ChartPack.  Boy, do we know how to have a good time, or what? That nosebleed on Tuesday will not be far from our minds, though. Because if the Chiefs’ win holds as “the turning point” for this overpriced pig of a market, then coming weeks will see … Read More

With the CPI trainwreck this morning, look what’s it’s done to our trading boxes.  Definitely looks like “Look out Below!” territory… This could be fun. Meanwhile, BTCs were headed down to $48.5K – which means this Wave 2 rally for BTC basis Nov 8, 2021 MAY also be over. And want me to take another … Read More

Welcome back to the poop deck of once Titanic America. Where the ship of state has been seriously holed, not by an iceberg, but excesses of Marxism and Monetarism. “If the right one don’t get’cha, then the left one will” sang Tennessee Ernie Ford.  While loading 16-tons. Hot As Hell CPI “The Consumer Price Index … Read More

As we laid it out for Peoplenomics.com subscribers before game time, there was a hell of a set-up for a potential market top to be in.  We see it in our Wave Projector based on our Aggregate Index view of markets. Look at the upper right small trading boxes in this chart and you can … Read More

Ah, the weekend arrives.  Super Bowl and all. Time Travel Alert Get out your stopwatch. As soon as the frantic announcers call the “Two minute warning!” hit the stopwatch.  I’ve been times when two-minutes remaining runs upwards of 20-minutes on the local clocks. Might be an interesting head trip to follow. For those of us … Read More

Sure everyone has heard about the Super Bowl Indicator.  Basically, this weekend if the 9’ers win, the market should soar. But if it’s KC?  Then the indicator says best lookout below. What everyone should also know is that the indicator – which has been around since at least 1978 is not especially good at predicting … Read More

America stands on the edge of a Great Unraveling.  It’s like reading a story, written by someone on drugs.  Been an interesting read – up until here – but now the absurdity of plot begins to become clear. Remarkably, it’s not on just one side of the political aisle, either. Both sides have (and this … Read More

On our Peoplenomics.com subscription site, we have been tracking for some weeks now the potential for the markets to roll over in this area for one very simple reason.  All the Elliott Wave requirements (for a major high) were met at the close Wednesday in our Aggregate markets index.   What’s more, if you guessed that some … Read More

The problem with Covid is that no one has been held accountable.  Which becomes an incentive for a repeat use.  So, while wars seem to rage on the surface in places like Ukraine, Gaza, and Yemen, the personal question far off to the side is “Which weapon next? “ The answer may be staring at … Read More

One of the big stories, beginning to get some traction is how the rain in California (as much as 11-inches in a few places) could drive up the price of food this spring. This is not a “remarkable first” in human history. Not even close. A selection of reads to lay out some corner posts … Read More

As long as dams hold, and forecast models don’t break, the worst of the weekend weather in California is now passing.  But it has been one hell of a storm.  Mudslides, winds exceeding hurricane force, and places with more than 7-inches of rain. Let’s do a quick post mort, shall we? SoCal first.  As you … Read More