I’ve had a SlopeAlert set for DBC ever since Mamie Eisenhower was trying out for the swimsuit edition of Sports Illustrated, and it finally fired this morning. It’s honestly too bad I’m having such a great year. If I was a total a…
Living in a retirement home is extremely expensive and, as data from Orpea shows, it varies from country to country. Luxembourg costs the most on average, with a person living in a retirement home expecting to pay €305 euros per day in 2020. Spain come…
In the short run, trend support for gold is suggested at 1650, 1635 and 1600. But that’s small comfort. Both the 13 week cycle projection…
Originally posted at The Fed Guy. Reposted here with the kind permission of the publisher. An aggressive quantitative tightening (“QT”) pace would set the stage for another…
Well now, that did a lot, didn’t it.
Look, I’ve said it before and I’ll say it again. The Fed is the black hole at the center of the worldwide banking system. So long as it is withdrawing cash and the ECB and BoJ are either still adding or stand…
So the Fed has never actually raised rates in this cycle. It has only tried to catch up with it. And failed. Again, the Fed’s…
I have to get out of my apartment for a couple of days. They are pouring a new subfloor. Hotel rates here are still stratospheric, so I’m looking for a comfortable spot under the arches at Place Garibaldi. There’s a nice community of old Polish fellows…
As usual the market has settled into a trading range for a few days as it waits for the FOMC circus to come to down on it regularly scheduled visit every six weeks. This show is just a few days before the annual Sell Rosh Hashanah, Buy Yom Kippur. But …
dMost of you are probably acquainted with the name Chamath Palihapitiya, although I seriously doubt any of us could spell it correctly without at least a few tries. He is the billionaire financier who is considered the King of SPAC. SPACs, of course…
This is it, right here. 3869. If that breaks, the baby dinosaur that has formed on the chart of the ES, 24 hour S&P futures over the past two days, will be euthanized. So sad.
The next likely stopping points would be either 3860, or the lows …