As of 5:15 AM New York time, we can finally say that the endless uptrend channel on the ES, 24 hour S&P fuguetures, that lasted a whole 2 1/2 days, has been pierced. This follows 5 touches or near touches of the channel’s bottom trendline, not incl…
The gag reflex kicks in at some point and we walk away because it is no longer worth the price.
After years of legal battles, the IRS has handed over former President Donald Trump’s tax returns for the years of his presidency to the House Ways and Means Committee. While the committee will not publish the returns themselves, it has compiled a repo…
Tesla’s year went from bad to worse on Tuesday, when the company’s battered share price dropped another 8 percent, bringing it down to a new 52-week low. Still the world’s most valuable car maker, Tesla’s market cap now amounts to $435 billion, down 65…
Just when it looked as if the market would go over a cliff, out came the dip buyers again. I guess they can read the charts, because the turn came from just above a key long term sport level at 3761 and the juncture of several trend channel lines that …
Overnight, the BoJ widened its band for long term government bond yields from 25 to 50 bp. The moved surprised the market. The USD crashed against the yen, and so did the ES, 24 hour S&P futures. Briefly. It was a moment, and then it stopped, and a…
FEEDWell, the good people at Japan’s Central Bank are going to allow interest rates to rise, which is something no one expected. I didn’t realize any kind of news was coming out tonight until my screens started going haywire late in the eve…
FEEDThis is me bein’ pissy but………..looking at these now-laughable FTX commercials starring Tom Brady, whom I’m led to believe was some kind of big football star, I can’t help but reflect……… Convenie…
FEEDI never knew anything about the fat, bald bloviator named Kevin O’Leary, but wow, was this video eye-opening! What a blowhard!!
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 […]