Only when speculative sizzle attracts no buyers / marks will the bottom be in.
Bitcoin was trading at about $5,200 when SBF announced plans for FTX, down significantly from the December 2017 spike to $19,000. There’s no way the crypto Bubble inflates into such a global phenomenon, if not for the Trillions of central bank “money printing.”
After the Russian military withdrew to the eastern bank of the Dnipro River in Kherson, the residents of the region that had been under Russian rule for eight months celebrated their liberation by Ukrainian troops. According to the Institute for the St…
Well, my friends, our first little downtrend lasted all of two days. The ES 24 hour S&P futures have broken the line that defined the top of the channel here in the wee hours as of 5:30 AM ET, US.
They have rallied to the previously broken nec…
CUSIP: 912796X61Term and Type: 16-Day BillCMB: YesHigh Rate: 3.800%Investment Rate: 3.859%Price: $99.831111Allotted at High: 3.47%Total Tendered: $95,206,793,000Total Accepted: $40,001,268,000Auction Date: 11/17/2022Issue Date: 11/22/2022Maturity Date:…
The pattern on the hourly chart of the ES, 24 hour S&P futures, speaks for itself.
To translate, it’s a top, and it has broken down.
But there are a couple of problems from the bearish perspective. First, the 5 day cycle projectio…
The intraday pattern on the ES, 24 hour S&P futures remains bullish here approaching 7:45 AM ET. We are still firmly in the green zone with all channels still pointing upward, and none currently under threat. There’s nary a red (downward) channel t…
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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…