I’ve marveled at the ability of the players to keep stock prices rising despite the reduction of Fed QE, and the continued pounding of Treasury supply on the market. Even more amazing is the fact that the rally in stocks has NOT come at the expense of the Treasury market. The Treasury market has managed not to blow up.
Liquidity Trader
Technical Trader
Technical Trader
Bullish as Hell, But Wait! What’s This?
by Lee Adler • • 0 Comments
The Fed is no longer pumping enough money into dealer accounts to sustain bull markets in both stocks and bonds, and it has tried to steer investors out of stocks and into Treasuries. It doesn’t matter. Rising markets create their own liquidity until they don’t. It’s called margin. Technical analysis shows us the effects of that, tells us what the trend is, and indicates when it might be reversing.
Gold Mining Stocks Trader
Gold and Mining Stocks Trader
Why Gold Should Pull Back and What’s Up If It Doesn’t
by Lee Adler • • 0 Comments
Gold is due for a pullback, but what if it doesn’t? What should we expect?
Lee's Free Thinking
Lee's Free Thinking
COVID 19 New Cases in America’s Two Largest States
by Lee Adler • • 0 Comments
Daily new cases.
Lee's Free Thinking
Daily S&P (ES) Chart Setup Quickie 5/27/20
by Lee Adler • • 0 Comments
The daily chart for the S&P Futures (ES) looks impressive as hell, if you are a bull. For bears, it’s Wagnerian.
Lee's Free Thinking
Swedish Killing Machine Lessons On Lockdown vs. No Lockdown
by Lee Adler • • 0 Comments
I put together this data today on what happens when a country foregoes lockdowns. Sweden made that choice from the beginning. It’s demographically similar neighbors, Denmark, Norway, and Finland had strict lockdowns. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you…
Lee's Free Thinking
US Southern States COVID19 Cases – Let’s Give Credit Where Due
by Lee Adler • • 0 Comments
Governor DeSantis takes credit for Florida’s better than expected performance in the state’s numbers of COVID19 cases and deaths.
Lee's Free Thinking
Gap Me – Daily Stock Market Setup – May 18, 2020
by Lee Adler • • 0 Comments
Rangebounds markets all sound and fury. Here’s where this is headed today.
News and Opinion
Must Read
S&P500 Shares Buybacks: Retained Earnings and Risk Hedging
by Constantin Gurdgiev • • 0 Comments
Shares buybacks can have a severely destabilizing impact on longer term companies’ valuations, as noted in numerous posts on this blog. In the COVID19 pandemic, legacy shares buybacks are associated with reduced cash reserves cushions and thiner equity…
Must Read
Tim’s Current Shorts – Part 2
by Tim Knight • • 0 Comments
Charts
Must Read
Rage Against the (Wrong) Machine
by Tim Knight • • 0 Comments
Let’s check in with the once-gentle American city of Minneapolis
Must Read
Fed’s Limbo Rock: Powell Rejects Negative Rates
by Anthony B Sanders • • 0 Comments
Fed Chair Powell rejects using negative rates as a policy tool.
Must Read
The Scourge of “Whatever it Takes” Monetary Mismanagement
by Doug Noland • • 0 Comments
It’s easy these days to question securities market sanity. Yet it’s a fundamental tenet of Credit Bubble analysis that things turn crazy at the end of cycles. In the waning days of history’s most spectacular financial Bubble, should we be too surprised by Complete and Utter Craziness?
