The market peaked yesterday afternoon around 2 PM at 4458 on the ES S&P futures. In the short short run, it was a higher high. But in the longer short run, since the September 6 high, it was a lower high.
So is the short term trend bullish or…
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
In this upside-down world of ours, the only asset class which reliably sucks is the one you’d least expect: precious metals.
After watching and reacting to yesterday’s Paramount Cavalcade of Lies Performance in real time, what else can I say?
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio. So says the Fed. But I give you a link to the real story.
Big Tech is worth trillions, but what are insiders doing with their stock? We breakdown Big Tech CEO insider trading during the first half of 2021.
Ed. Note: OK. This is a joke. The Fed is upping the limit just when the RRP slush fund is about to top out. Is it stupidity, or cynicism. I say the latter.
Why is this time different? I don’t know about you, but to me, this looks like every other short term bottom we’ve had for the past dozen years. I guess it could be different, and we could know this morning.
Only 18 countries in the world can be considered truly free when it comes to the internet. What was once envisioned as a space to exchange information and foster community by connecting people around the world has, in some instances, turned into a tool…
