The market has broken the latest iteration of its downtrend by moving sideways. Nothing has happened yet, but obviously, something will happen after 2 PM ET today. That’s when the Fed will announce a 50 bp increase in the Fed Funds target and the begin…
I missed yesterday’s stick save. I was busy working on this.
The Fed is Tightening Into a Sheet Storm
As Potatohead pointed out late yesterday, one member of the Twitterati believes that the bottom is in on the news of the quarterly Treasury…
The wave pattern has reached the classic 16th wave, so well described by TS Eliot.
In Hurstian terms we see clear on the two hour bars, the 3 day cycle which sometimes combines into a sonnet of six, but then returns to the rhythm of the night.
…
Yesterday’s spike high at 3 PM on the ES S&P 24 hour futures hourly chart exceeded the last short cycle high by 1 cent. That’s right. .01. That’s how traders signal each other that this is not the end. It’s not the beginning of the end, but it is t…
I’m now safely ensconced in my new permanent home in Nice, and it’s time to get to work!
We had yet another bear market rally overnight, on meta earnings. There is of course a difference between meta earnings and real earnings. I’ll leave that dis…
Oh gold. Ugly. Will gold bugs get slaughtered again? My thoughts on that. Meanwhile, BTC is out on a ledge. If it starts to curl…
There’s always a rally somewhere. Can you see it? I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days…
There’s always a rally somewhere. Can you see it?
I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days ago.
Not much. Not good.
The TLT of course is a proxy for the bond market. It’s the 20 year Treasury bond…
I am behind the 8 ball this morning, as I took it easy and did a little grocery shopping on this beautiful sunny Cote d’Azur day. I’m enjoying my last two days in beautiful Cannes, as I prepare to move to my permanent home which I’ve purchased in …
WOW! Ya think?
Needless to say, now that a bastion of mainstream media financial “journalism” has made that brilliant deduction, no doubt the bond market is poised for a rally. Yes, the 10 year will hit 3%, but first they’ll take a pound of flesh…
