Years of unprecedented monetary inflation created false realities. The perception of endless cheap (free) “money” distorted how our market, economic, financial, political and social systems function.
The Federal Plunge Protection Team (PPT) swung into action early yesterday, triggering a marketwide short squeeze with spectacular results. But these interventions can only last so long. The market must then sink or swim on its own. 5 day cycle project…
My call last week of a 13 week cycle upturn was premature, but bottom formation now appears under way in that cycle. Other short term…
Trying to restore a system that is spiraling away from equilibrium with new extremes of obsolete, misguided policies only accelerates the swings from apparent stability to cascading chaos.
Despite the Fed’s historically aggressive rate hikes and another 5-percent drop in gasoline prices, inflation remained stubbornly high in September, as prices rose 0.4 percent compared to August and 8.2 percent compared to September 2021. According to …
Thanks to rising demand and an uptick in global oil prices following last week’s OPEC+ announcement to cut oil production, gas prices in the United States are creeping up again after declining for much of the summer. According to the U.S. Energy Inform…
It is simple, direct, obvious.
Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible “bottom” in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to…
The PPI reading on Wednesday includes data which now enables us to project when the Fed will stop raising the Fake Funds rate. I call…
5:18 AM ET The pattern currently developing on the hourly chart of the ES 24 hour S&P fugutures looks like a bottom. But it snot. It’s a consolidation. How do we know that? Because the 5 day cycle has been in an up phase for 2 1/2 days, which means it is now …
Originally published at Fed Guy, reposted with permission. The dollar rally may be set to continue as limits on quantitative tightening bind other central banks…