The past two days are a perfect example of free markets functioning normally [sarc alert].
Also, be careful what you wish for. Recessions are bullish. Because recessions are when the Fed loosens monetary policy.
Finally, as my hero Joe Granville used to say, “What do earnings have to do with the stock market? Absolutely nothing!”
And a hearty, “Bonjour et bonne chance,” to you from nice Nice France! More upcoming.
Meanwhile, here’s the hourly ES, 24 hour S&P fucutures illustrating market fucktioning normally.
The 5 day cycle has topped out. But what shape the down phase? Flat, or down in absolute terms. Aye, there’s the rub!
For moron the markets, see:
- Swing Trade Chart Picks – The Future is One Word – Baking Soda April 26, 2023
- Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023
- Why Not Get Too Excited About Bearish Proclamations… Yet April 24, 2023
- Is Gold Still Ticking After This Licking? April 19, 2023
- The Fed’s Circle Jerk, is ‘Twerking? April 18, 2023
- Here’s How We Know That Doom Has Already Arrived April 6, 2023
- Macro Liquidity Says No Way Jerray! April 4, 2023
- How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023
- Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023
- Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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