It looks that way, but it’s not out of the woods. The same goes for the mining stocks. This report shows what needs to happen.…
We have new short chart picks as a variety of methods point to a target of 1300 on the S&P. It should take years.
I can’t even. And still, the stock market melts down.
We are so effin doomed.
Now that the US Government has delayed Tax Day for 3 months, the April tax windfall won’t happen. That cash fuels temporary Treasury debt paydowns which in turn fuel seasonal financial market rallies. Not this year.
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It seems like the market wants to base out here. But I have a sense of foreboding when I look at the hourly chart. Maybe that’s bullish. I’m often my own best contrary indicator.
The Fed has undertaken so many rescue programs since Friday that my head is spinning. It’s hard to keep track of it all. A schedule…
New York prices are gapping and reversing daily. It’s madness if you don’t stay up all night trading the fucutures. The dead bodies are floating to the surface.
Even before COVID-19 the trend was clear that the Treasury would need to keep borrowing money hand over fist. Now the deficit will explode. This is a hideous problem for financial markets in this condition.
Where all that Fed cash is going, and where the market is going today.