That’s right. In the pursuit of its inflation mandate, the Fed has been incompetent, delusional, disingenuous, and dangerous. And despite Wall Street’s and its captured…
That’s right. It’s the national holiday of France. Here they call it the Fourteenth of July. Pretty clever, huh? Reminds me of another country I know well. Know it better than this one even.
The French celebrate by eating cake, of course.
T…
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Meanwhile, stocks are set up in a maximum indecision pattern, smack in the middle of their range of the past 3 weeks. They’re waiting for the bad news on CPI, which everyone knows will be bad. So it should all be “priced in,” right?
Posted first at Capitalstool. Join the fun. Not only is the Fed behind the curve on inflation, it’s behind on hiking the Fed Funds target…
Originally, posted at Capitalstool. Join the fun! Well, everybody said that the euro was headed to parity with the dollar. This morning, the goal was…
Well, today is the first day of the rest of my life. Come to think of it, it’s the first day of the rest of your life too. What a coincidence! So, what are you going to do with it? Something good, I hope.
For me it’s a milestone. Today I closed o…
First posted at Capitalstool. Join the fun. The BTC boys have given up the ghost today. The ghost of a rally that is. They couldn’t…
Today is 7-11 or doubles day.
Just FYI.
It’s also a day where the bulls, if at first they don’t succeed, try, try, try again. This is unlike the bears who, when things aren’t going their way, throw up their hands in despair and disgust, co…
Originally posted at Capitalstool. Here’s the 10 year Treasury yield on a continuous hourly 24 hour basis. If it drops under 2.975 then another pullback…
I want to start with the 5 hour bars of the ES, 24 hour S&P fuguetures so that you can see just how significant this resistance area is. It will be no easy task to traverse the 40 points (1%) between the high of 3910 hit overnight, and the upper re…