Tim Knight

Cryptos Spluttering Equilibrium

FEEDWe haven’t looked at cryptos in a while. My general point is a simple one: they seem to have found (or “discovered”, as the economists would say) their price. Funny how that works, when a government isn’t trying to manipulat…

Perfecto

I had a terrific day thanks, ironically, to the King of the Wimps, Mr. Jerome “please don’t’ tweet something mean to me., Mr. President” Powell.

Tesla Doldrums

FEEDWell, Elon’s long-term desire to have his car models spell out a saucy acronym has at last been realized. The thing is, the market really doesn’t care about making 8th grade boys laugh. They care about profits. And in a world in which e…

High Yield Peak?

FEEDOne of the biggest beneficiaries of the Powell Surrender has been the high-yield bond fund, symbol HYG, shown here. Notice how extended its moving averages are, and how stretched the price is above those averages. This is clearly a financial instru…