As President Biden is about to welcome Speaker Kevin McCarthy and other congressional leaders to discuss the debt ceiling at the White House on Tuesday, there seems to be little hope for a quick resolution of what threatens to become a drawn-out game o…
As the debate over the U.S. debt ceiling and a possible default continues, the White House Council of Economic Advisers (CEA) published a new analysis, warning against the possible consequences of an actual breach of the debt ceiling. There is broad co…
There were 87 charts with multiple buy signals as of the last two trading days of the past two weeks. There were 55 with a…
I write to you today from the fabulous City of Lights on the third day of my planned summer of travel. My itinerary will take me as far east as Poland and Budapest, then north to Prague, Germany, Sweden, Norway, Denmark, the Netherlands, Belgium, and f…
The key to the longer term outlook lies in the shape of the xxxx xxxxx xxx xxxx that’s just starting. Non subscribers click here to…
Gold’s 9-12 month cycle high is overdue. The cycle projection has xxxx to xxxx. The cycle may have shifted into trending mode, which would be…
The ES 24 hour S&P futures came down to test the April 26 low yesterday. The test was successful, but for a couple of glitches. First, it made a slightly lower low. Second, there were no positive divergences on the hourly oscillators. Typically tha…
Withholding tax collections through May 2 have been much weaker than the year ago period, and weaker versus last month. This does not bode well…
Today’s intraday look is below. But first, in case you missed it, this is important:
Despite new turbulences in the banking sector, the Fed decided to stay the course and keep raising interest rates in its battle against inflation. Following a two-day meeting of the Federal Open Market Committee (FOMC), Fed chairman Jerome Powell annou…