Let’s see how that charitable Mainstream Media is treating Flow Joe (who’s going to go) this fine summers morning: Biden news conference carries high stakes as campaign teeters (cnbc.com) Biden introduces Ukraine’s Zelensky as ‘President Putin’ in latest brutal gaffe (nypost.com) Highlights from President Biden’s solo news conference | AP News Not nearly as much … Read More
As gamblers and adventurers, most of us go through Life with a storyline and plot holding our course for us. While the id and ego fill-in with a heroic personality. Sometimes it makes sense, sometimes not. Lately, I’ve been thinking a lot about the relationship between Humans and Physics. The latter is where pseudo-randomness occurs … Read More
Life marches on – and with it, me – off to get an updated eye prescription. So we will try to remain “focused” for a change. (Argh!) First item on the list is the National Federation of Independent Business report looking at forward conditions: Yes, they’re coming. But, no, not yet… Owners expecting better business … Read More
We have a number of important items on our “news budget” this week. Beginning with a virtual turkey in financial markets while the masses try to figure out what the Future holds. Apparently, it may not hold Joe Biden. NEW POLL: Trump Leading Biden By 7 Points in 2024 Race (mediaite.com). The reason for “show … Read More
Our first discussion should be the state of financial markets which are momentarily in the “Wiggle Zone.” As you can see in the Elliott wave view of things, we are wiggling around a big red support line (lower right) here: Now let’s look at a bigger timescale and ask what might fit (for this is never … Read More
Markets were set to put on a “courtesy rally” at the open today as Jay Powell is planning to speak. It’s like when a great Actor steps on the stage and a “hush falls over the audience…” However, nothing has really changed in the data view. Sure, whatever he says will be viewed as a … Read More
Dow Futures were up 250-earlier. So what if CV-19 casea are growing? Hospitalizations up? Few showing up for rallies? Police being “defunded”? Icons falling? Who cares? Making Up Money is the “New Sheriff” in finance. Our Guess? Last-gasp of a failing global economic system. Torpedoed, in large measure, when “Slippery Dick” Nixon took the U.S. … Read More
We will “roll backwards” this morning. There is much to think about as the Summer Doldrums begin to swirl between the ears. Sure, a bit of tiredness this morning. But, is it a precursor (“earthquake tireds”) or just the result of taking Sunday off from my “High Photon Diet?” (Down 10-pounds, thanks for asking!) Social … Read More
I have made (yet another) pledge to myself to write shorter columns. “Save the juicy stuff for Peoplenomics subscribers,” I tell myself. And yet, Peoplenomics is only a couple of days per week, so occasionally – like today – we will offer remarks that are “out in the clear.” Like my mentioning last week that … Read More
Had a case of the “Earthquake Tireds” today. I’ve written about this in the past…and said I’d mention it next time it happens. Here one of those “self-learning” things that happens if you live long enough. You start to notice odd things that happen, usually in the same order, time after time. Like Earthquakes. The … Read More
EmpSit: Employment Situation Report A couple of hours before the open this morning, Dow Futures were down a bit more than 30 points as the global market is awaiting on US data to see how this week will wind-up. So, here’s the data and there may be a MAGA reality here we need to consider: … Read More
Not too many people speak fondly of Thomas Bayes. But, in the world of statistics Bayesian analysis. We will save the in-depth article on the application of Baye’s theory to improve trading returns while being able to make your “news predictions” nearly god-like in their accuracy. Because the real point is that “One of the … Read More
Everyone run from street! America is nuts! We have new-found respect for Senator Lindsey Graham, who pretty-much nailed it in his questioning of judge Brett Kavanaugh in the wake of the Christine Ford testimony at the “Sink-the-Kavanaugh Circus” on Thursday: We have to concur with Graham. The whole process has been a joke. But the … Read More