Apparently there were a couple of earnings calls last night that didn’t go so well. The market sold off after the closing bell. But after getting squeezed relentlessly for a week, European bears woke up this morning in a mood, and they started covering…
From what I’m reading in the Wall Street propaganda sheets, the current market bet is not on a Fed pivot, but a Fed pause.
Or something.
But what difference does it make.
Money talks and BS walks. And all of the speculation on a P, whe…
The stock market has been a rangebound mess for a month and a day. I call these periods meat grinders for obvious reasons. This kind…
October 2009. Yankees won it.
I’m leaving Barcelona today, heading for Toulouse for a few days.
I still like our chances here, despite getting chewed up in the meat grinder last week.
A fool and his money are soon parted.
The fi…
Friday’s rally felt impressive on top of last week’s backing and filling. But the technical indicators haven’t kept up. That could all change on Monday,…
Gold has made a double bottom that looks consistent with the expected 13 week cycle low due in this time window. The gold mining stocks’…
I have been warning about this for months and months. In fact, I started warning about it in August of 2020, and have never stopped.
In recent months, I’ve written:
The conditions that led to this have been obvious, not just for months, b…
Watch out! The US Treasury is now in the process of actively discussing buying back outstanding Treasury notes and bonds in an effort to bolster…
13 week T-bill rates, a freely traded market, have now risen 93 basis points since the Fed last “raised” interest rates. Of course the Fed has never raised rates. It has merely tried, and failed to keep up with the actual market.
Now admittedly, …
It’s shocking just how fast market interest rates are rising, as the Fed and its Wall Street lackeys promote the false idea that the Fed is raising rates. The Fed is not raising rates. The market is rising on its own, and the Fed is merely treading the…