Yes. Market dropped like a free-falling safe Wednesday. And yes, we had a nice 4-digit pop in the Lunch Money account. But this is a move we have been talking about for a long time. For example: Back on November 5th I wrote that: “Early futures were (predictably) up because the real close Monday was … Read More
First, a Readings note: There is an update on G.A. Stewart’s website titled Prelude to a Coup which we judge to be worth adding to your Sunday reading list. Because in case you haven’t figured it out, with the Presidential Electors meeting next Tuesday and then the counting in (the New) congress an January 6th … Read More
Today is a “”tough one” out here in the wilds of East Texas. Oh, the weather, while turning cold is OK. Our house guest /consigliere has had a good time. Even got a case settled Wednesday afternoon. Ah, the magic of MagicJack VOIP, multiple monitors, and Starlink. Yeah, all that stuff is fine. And the Turkey … Read More
Chicago Fed first, then a rally. But Housing looms tomorrow. Even so, with some possible Housing regret, it won’t last long because turkey is lurking this week. We can also see the broad sweep of history, as we have now lived through the entire transition from “National Call Your Broker Day” – which was what … Read More
You are on the Titanic. The band is playing on. The iceberg has been hit. A red line has been crossed. In the small world of credible “seers” and “prognosticators” there is Big Trouble just ahead. A break. And then the Biggest and Worst. A great starting point is G.A. Stewart’s latest piece on The Age … Read More
I suppose Fall Gardening is still on some people’s minds. The Frozen North isn’t – at least yet. And the Southern states are not all atwitter about ice storms. But, give it time. At our place, I have made a simple decision this year NOT to fire up the greenhouse heater system (Chinese diesel 8 … Read More
Been one hell of a week, hasn’t it? Market’s set to take a breather this morning. Fed regional chieftess Michelle Bowman’s likely to offer some level-headed assessments after the quarter point cut. And the markets are trying to figure out “Where next?” They hit the top of a trend channel on new highs Thursday, but … Read More
Fill’er to the rim – or is that brim? Odd ducks be quacking in the land of Sim. Will this be “Joe Go Day” with a side of Fed Shock? Hmm… Charts that Wow! New all-time Aggregate Index highs came rolling in after the Trump win and today we are expecting some carry-forward and maybe … Read More
This is, of course, election day. We’re still trying to sort out whether to vote, but the “Yes, let’s do this thing” is winning. For the moment. But that doesn’t mean we are please with any of the candidates. The motivator for us is the promise (by one) to put people we admire to work … Read More
In keeping with our focus on Long Wave Economics – that, along with prepping for anything goes being the cornerstones of this site – let’s begin with a Big Long Term view because it is very important. As explained in our Peoplenomics.com ChartPack Wednesday, its hard to deny that we’re in a financial bubble the likes of … Read More
You know the old saying, right? “Man who keeps ear to ground risks being run over!” And yet, there is so damn much going on that a little “ground sounding” seems like a useful thing to do in here. Starting with a look at the markets in the Pre-Open with our Aggregate Index to see … Read More
Might as well get right to the NY Fed’s Empire State Manufacturing number, first today… “After climbing into positive territory last month, the headline general business conditions index retreated twenty-three points to -11.9. New orders fell, and shipments edged lower. Delivery times were slightly shorter, while supply availability deteriorated somewhat. Inventories shrank.” Markets, perhaps still … Read More
Busy Friday here, so let’s jump right into the EmpSit – employment situation – report just out: “Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, … Read More