Core CPI now follows core PPI core finished consumer goods downward, about 7 months after the Fed started QT. This is par for the course. Inflation seems to follow the size of the Fed’s balance sheet with a lag of 6-12 months. That lag is due largely t…
The next Buffet? Nope. He didn’t take it to the bank. He got fried. I read that Brady put his own $650 million in. Is it true? What a greedy dope.
Some get what they deserve. Others are just victims. Victims of street scams. It never ends.
…
FXFox said: ALL crypto is bad. It is a hoax from A to Z. It is the direct consequence of the mega printing since 2009, which lead to malinvestments in epic proportions, on top of them crapto.
Weekly->
But don’t worry. The 3 year cycle projection is only -3000. That’s 3000 below zero. Not as bad as the conventional measure.
Wall Street rates it a hold.
Meanwhile, back at the intraday stock market,…
The S&P 500 has barely moved over the past 24 hours. Clearly, stock traders have found the perfect equilibrium price where stocks are fairly valued, and everyone is happy. We can all now close our trading screens and go do something productive with…
Gad this is getting tiresome. And the other thing is that it’s just so disorderly. Whipsaws, sport breaks, resistance breaks. Failed signals. WTF!
For now, there’s a 5 day cycle projection of 3815 to shoot for. First they gotta clear 3797. Then t…
The tax data told us that jobs grew strongly in October. Whether the BLS number shows that or not is a crapshoot. It often takes them a few months to catch up with reality as first they massage, then the revise and revise, and revise again. Eventually,…
The picture says it all. But the 2-3 day cycle projection of 3715-20 says, more now.
And I will have more later. First, petit dejeuner avec beaucoup cafe.
Big picture stuff below.
Surge in Withholding Tax Collections in Octob…
Yesterday was the Day of the Dead in some countries in Europe, particularly the one where I live now, France, and the one where I lived last year, Poland. Everyone gets together to go to the cemetery to weep over dead loved ones. Today is the day in th…
Yes, Happy Day of the Dead. It’s a national holiday here in France today, but in other parts of the world, it’s celebrated over two days. The big day is tomorrow in Poland
And on Wall Street.
In the US, it is celebrated with the two day FOM…
They’re trying to hold this rally together as we start a new week. Hope springs eternal in the hearts of bulls.
I note on the hourly chart of the ES 24 hour S&P fuguetures that this is the turd wave of this rally. Each of the two previous wav…