If the bond rally were to continue, the problem of bank runs would be self mitigating. That’s because many of the assets that would need to be sold, could be sold at a profit. But the announcement of a Fed-Treasury-F-DIc bailout changes the equation. T…
It’s Monday the 13th. Good luck with that.
The Fed and Treasury announced a bank bailout on Sunday in the hopes of forestalling bank run contagion. But while it sounds big and new, it’s really just a few tweaks to the old tried and true discount…
After reviewing the withholding tax data for February last week, I decided that the jobs report should be faded. That left a lot to conjecture because there were no economists’ estimates posted yet. Now they are. The consensus expectation is for a head…
The market is apparently in the second day of a nominal 5 day (expressed as 4 day) cycle up phase. If it makes it through today without blasting off, bears should be in good shape for another death defying plunge. But a little rally this morning that m…
It’s an Ed Sullivan moment. A really big shoe.
Meanwhile, we’re home on the range again. The hourly cycle oscillators on the ES, 24 hour S&P futures say it’s a 5 day cycle low, 4 day variant edition. But the ES needs to…
As a result of the breakout from that 8 day base on the hourly chart, the ES, 24 hour S&P futures have a conventional measured move target of 4120-35. Right now they’re in a nominal 5 day cycle down phase. I’ll call it the pause the refreshes. Orig…
Good morning!
My air conditioning is being installed today. It’s the last project in my renovation. After this, cleanup, touchup, and I can finally just live in my home. That means no more excuses for late reports! 😁
As for today’s market, l…
They keep managing to do this, while the market ultimately goes nowhere endlessly. Both stocks and bonds have rallied overnight and into the early morning hours. The 10 year yield has pulled back to 4% and stocks look like they are headed to da moon. T…
This is water torture. Slowly eating away at the market, and our brains. Lulling the bulls to sleep with false hopes as they slowly bleed the pour animals.
But alas, it looks like it’s time for another hopeful 3 or 4 or 5 day cycle rally as the h…
That’s right. They bore us into submission. Then when we are all complacent that nothing worse will happen…
And the joke will be on us.
The question upon us this good day, my fellow ladies and germs is this. Is today the day?
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