Remember about four years ago when the hottest sector around was marijuana? (You know it was a big thing, since it was the latest fad James Altucher tried to profit from). Let’s just say pot didn’t turn out to be the biggest thing on th…
Originally posted at Capitalstool. The 40% M2 print from March 2020 onwards was a varitable tsunami of money. It pushed stocks and bonds and houses…
Originally posted at Capitalstool, May 26, 2022 Rate hikes are irrelevant. They’re the tail. Money is the dog. Wall Street perpetually doesn’t get this. The…
Originally posted May 26, 2022 at Capitalstool. The economy is in an inflationary boom. This is very bearish. Recession is bullish. The Fed has to…
Originally posted May 26, 2022 at Capitalstool. Anybody who thinks inflation is moderating, think again. PPI- Final Demand- Core Finished Consumer Goods leads. And it…
Yesterday was a good day for us, in terms of reading the stock market futures chart pattern well in the premarket, and laying out the likely direction and targets for the day. Can we do it twice in a row?
Nah, but what the hell.
Why not try …
Investors have been rampaging back into some of the most ravaged issues in recent days. One I’d like to point out is the fund HYG, which is the high-yield corporate bond ETF (in other words, a way to earn 2% interest while seeing 10% of your …
Normally we don’t think of wedge patterns as leading to breakouts, but this one might. Here’s how it looks on the 2 hour bars of the ES 24 hour S&P fuguetures.
And zooming into our usual look at the hourly bars. It’s a messy pattern, bu…
Home prices are still strong, but the strength behind those prices (AKA the volume) is on the wane.
OK, look. I can play the hero now and then. Or at least be a stalwart example in the face of adversity. But this is starting to get annoying. Monday was a bad day. I stood fast in the face of it. Every morsel of cash lost on Monday can tumbling bac…