The purple line is the Fed’s System Open Market Account, in other words, its securities holdings. You see the Fed’s balance sheet normalization 2017-19, and then the return to massive QE in late 2019.
Yardi Matrix says February national average multifamily rent inflation was 15.3% y/y, 0.6% m/m. They survey thousands of rental communities in 140 US markets. These…
This is not the end of the top. Nor is it the beginning of the top. But it is the beginning of the beginning of the top. We know that because on the hourly chart of the ES, S&P 500 futures, the hourly cycle indicators for the 5 day cycle are at pea…
This looks like a 5 day cycle low on the ES, S&P 500 futures. The cycle projection of 4145 was hit, and the time is right. They’re trying to make a stand, while waiting for Lord Jaysus to take us up in the rapture. Although more likely, we’re going…
Short term cycles have entered down phases and cycles up to 17 weeks are due for a down phase. A consolidation is due before a…
The repetition of this pattern borders on shocking. Here again is the 5 hour bar chart of the ES S&P 500 futures showing the 3 faces and their connecting declines. Are we about to witness a repeat? Or is this time different?
Switching to…
The raw daily data for last week as a whole tilted strongly to the sell side for a second straight week. The final score for the week was Sells 212, Buys 101. Of the 48 charts with multiple sell signals, I found 14 that I liked well enough to add to the list as shorts.
Cycles – The 6 month cycle should be in a xxxx xxxx xxxx (subscriber version). Here’s why the next low could entail a short term crash.…
The last time we looked at the Composite Liquidity Indicator (CLI), 4 months ago, I warned that the process of flattening the indicator was beginning,…
You gotta hand it to the bulls. They don’t quit. Although I’m not sure that it’s the bulls driving these rallies. More likely, chicken shorts. I mean… you can’t blame them for having weak hands, after being burned so so many times over the past dozen…