4000 is not only a nice round number, but it coincides with technical levels and indications that will tell us in the next few days…
Especially after the recent market rally, talk of “resilient” has become commonplace and central to the bullish narrative. And this resilience – at home and abroad – is undoubtedly associated with the “buffer” created from Trillions of pandemic QE. The significant tightening of market financial conditions for the most part didn’t spark panic in corporate boardrooms.
How about that………..from Morgan Stanley. People have never been more convinced the market is going straight up.
The list of problems with the crypto space is long and troublesome. Not to mention the Federal Reserve’s involvement in the crypto collapse. Steve Brennan and Alhambra CEO Joe Calhoun look lay it out.
I am so proud of the fack that the term Black Friday was coined by my Phillufya Pleece in the 1940s as a term of endearment for the crowds of shoppers that descended upon Center City on the day after Tanks Giving. Not for all the good reasons that CNBC…
What all the entrenched insiders in America’s parasitic, predatory elites and institutions don’t dare admit is that to protect themselves from consequence, we’ve had to sacrifice everything else.
The pullback over the past week looks like a healthy correction in a 9-12 month cycle up phase. I added two more picks to our…
OK so it isn’t back. But it is up something like 850. On the chart, it’s barely a dead cat bounce. Will this apparent bottom stick. Show me. The first test will be to clear 17,000. Failing that, there’s still a short term cycle projection of 15,000, th…
The stock effects of monetary tightening are clearly disinflationary, but the flow effects are less clear. The Fed’s rapid tightening markedly reduced the level of household wealth and thus potential demand, but the bulk of asset repricing seems to be behind us. The impact of tighter policy going forward is less certain because higher rates […]
Twitter has descended into absolute chaos since Elon Musk bought it for $44 billion last month. It all started when the new CEO fired around 50 percent of the company’s workforce in the first week of November. Then, just one week on, the company announ…