Once assets are revealed as worth far less than claimed, insolvency is the inevitable result.
I hadn’t heard about the Flexible Consumer Price Index until I read about it from David Stockman. He pointed to it as evidence of how hot inflation was running. Well, that was true a few months ago, but look how fast it has collapsed. Maybe t…
With the announcement of Katie Hobbs’ win in the gubernatorial race in Arizona, the Democratic Party has officially picked up three governor seats in the 2022 midterms, while the Republicans took over one governorship from Democrats. New Democratic gov…
Here’s an interesting layered chart I put together this morning. In blue is the SPY and in red is the cumulative advance/decline line. What jumps out at me is how, from the start of the year until October 13th, the lines were pretty much in l…
$40 billion CMB to be auctioned November 17. Settling November 22.
Gold has broken out of a base that has a conventional measured move target that suggests a bigger move ahead. So do cycle projections. In…
Yesterday’s late selloff didn’t happen.
Also, I noted at the close.
And now we’re looking at an approach to massive resistance around 4010-15, with a negative divergence setup on the hourly indicators. A breakout through 4016 would prob…
For the week ended November 11, there were 173 charts with second or third buy signals as the week ended, and 19 with second or…
Suddenly the whole technical picture looks bullish. It makes me think that they’ve repealed Rule Number One. But they haven’t of course. There may be…
The Braves, the A’s, the Dodgers, the Giants. And that was just baseball. They took the money and ran.
The longest running, continuously operating professional sports franchise in one city? Philadelphia Phillies.
What does this have to…