OK, so fade me.
Yep, while yesterday’s turnabout was dramatic, and for me, surprising, it is not without information.
And since we are living beings, we both create, absorb, process, and transmit information. It’s but a fleeting moment, but…
$74 billion in T-bill paydowns so far in April have been enough to cover net new Treasury coupon issuance with $40 billion left over for other games. It hasn’t helped the bond market. Treasuries continue to be liquidated, and short term T-bill rates co…
I don’t want to scare my fellow bears, but this the pattern on the ES S&P 24 hour futures chart is still bullish… Potentially. That is, unless and until it posts an hourly close below 4434. Until then, for day traders and other short term orient…
A 3 day cycle up phase has now been flat on the ES S&P 24 hour futures hourly chart for more than a day. Flat up phases imply sharp down phases. Of course, they don’t always work out that way. Sometimes the subsequent down phase just continues side…
I’ve been featuring this chart lately as a canary in the coal mine for what’s really going on in the banking system. The Fed has published it in its weekly H8 banking data for oh, the past 30 years or so. It doesn’t like what it sees, or what it tells…
The red line is the March level of CPI adjusted retail sales aka Real Retail Sales. Speaks for itself for the damage done by inflation.…
The pullback in bond yields has reached criticality. I think they’re going lower in the short run. Once again, it’s a GTFO gift. Understand why…
It’s that time of year market fans. Spring flowers are blooming, the eggs are rolling, and the matzah is cracking. Pass the chicken fat. We will now sell a brate the resurrection. Of the stock market.
The liquidity will be flowing into the markets…
This is an update to yesterday’s inflation news to include today’s news on my favorite inflation measure on the chart. That’s the PPI, Final Demand,…
I can’t wait to see the down. Indeed, yesterday’s double bottom looks like the 5 day cycle low I was expecting. But the up phase has been punk so far.
When up phases stay flat, the down phases that follow usually have one of two common paths. T…
