Originally posted at Capitalstool. The Fed just can’t keep up with the one market that it is actually supposed to control. Short term interest rates.
I’m on my way from Rennes to Paris today. I’ll spend a few more days in Paris before returning home to Nice at the end of the week. In between travel days and walkabout days, I’ll be posting on Liquidity Trader and here from time to time.
Yesterd…
Where the US stock market is headed is another story, but I’m on a short day trip from Rennes to St. Malo today. https://en.wikipedia.org/wiki/Saint-Malo
Last week was tough. I had too many winners on my chart pick list, so of course the market to…
Trailing stops did their job last week, taking out all 11 remaining older picks on the short side with profits on 9 of the 11.…
The strength of rally took me by surprise, I must say, but not the timing. Short term cycles were due for an upturn, but nothing…
Do bears doodoo in the woods? Because this is a big setup for it. The current measured move target of the most recent base breakout is 4140. First there’s resistance at 4045 as of 7 AM in NY. The next R level is 4070. If they hang around 4045-4070, and…
Next week is going to be big (and will drive the Fed decision in the week that follows):
In the last Treasury Supply update for subscribers I warned that the Treasury could do a big T- bill paydown at mid month, but that…
Can money really buy happiness? In this chart, we compare most of the world’s countries to examine the relationship between wealth and happiness.