FEEDI’ve got to say, I’m getting awfully tired of this crap. Anyway, since the market is getting boosted on a daily basis by the goddamned Trade Talk Optimism, the only chance for a two-way market and a little volatility is the earnings sea…
Allow me to start off what is intended as an economic musing by referring to a favorite comic of mine, Patton Oswalt. He has a fairly new bit in which he explains the Trump phenomenon as a totally understandable response to the Obama presidency. Th…
FEEDI was exploring the Slope Economic Database (which you can learn about here) and landed on some old data plots from England (yes, this is what I actually consider fun on the weekend). I thought I’d share a few of the charts here, since they&#…
FEEDOne look at the chart from December 26th to present tells the story. Up, up, up, day after day. In all these months, there were two – – count ’em, two – – decent down days. Besides that, it’s been a ceaseless bul…
FEEDThe lift from the jobs report persists. Let’s look at a few key indexes. The Dow Composite (also known as the Dow 65) has pushed above its “left shoulder” horizontal. To understand the significance of this, let’s go to……
The monthly jobs report came out, and the jobs added number was stronger than expected. The initial reaction to these things is not always indicative of where we close for the day, but it’s always interesting to see the immediate reaction (an…
A word or two about a couple of crypto charts, since those are in the news.
After the excitement of yesterday (if you want to call it that), it pays to reflect on where things stand with a couple of the major ETFs representing Dow stocks. Try though it might, the DIA actually failed to overcome its resistance line. I’…
It looks like the crypto-crowd saw what equities did yesterday and decided to join the party. More precisely, about three weeks ago I pointed out that Bitcoin has seemed to stabilize and was in the process of completely an exceptionally clean sauce…
The eleven year old bull market continues uninterrupted (save for a few weeks late last year). Here we see the Dow Jones 65 Composite has pushed above levels which, until now, represented resistance. At this point, the market is just one China trad…
