A change in the underlying plumbing of the financial system is making it unlikely that QT can run its expected 2+ year course. An ideal QT would drain liquidity in the overall financial system while keeping liquidity in the banking sector above a minimum threshold. That is only possible if the bulk of the liquidity […]
A couple of weeks ago the market averages came right to long term downtrend lines from the January peak. At that point, there were multiple…
It’s an up phase, but how long and how strong it’ll be are the questions. The answers to both are, “not very.” For this up phase to get anywhere the boyz first would have to push the ES, 24 hour S&{ futures through resistance at 3872 and 3881. If t…
By now you are well aware how much I hate stops. As a result, I had evolved a strategy of foregoing stops in the first…
The metal is acting better than the miners, but that’s not saying much. Here’s what we have to look out for as a sign that…
Powell is pulling his punches.
JFC, I just got hit with another tout that will obliterate one of my profitable short trades when it opens in New York this morning. In Barrons this time. The criminality is breathtaking.
The 5 day cycle projection for the ES 24 hour S&P futures is 3775, from the hourly chart. But the conventional measured move projection of the breakdown from the big top is 3700. Take your pick. Either is possible, if not likely, today. We’re due f…
And now, our daily dose of useless meanderings from an aging, plaque hardened, market addled brain. These thoughts are free, so take them for what they’re worth. However, on the off chance that you are crazy enough to think there’s value here, check ou…
In a volatile and difficult year for many assets and equities, how have the world’s major currencies performed against the U.S. dollar?
The post Visualizing Currencies’ Decline Against the U.S. Dollar appeared first on Visual Capitalist.