A bottom. Not THE bottom.
But how big a bottom? Meh, not that big. If the ES 24 hour S&P futures futures clear 4050, then we’d be looking at 4070 pdq. There are three resistance lines converging around 4070-75, so the odds don’t favor clearin…
Cycles are still in gear to the downside in both the metal and the miners and cycle projections still point lower. But there was one…
Even though tendencies to grant Ukraine NATO membership have solidified over the course of Russia’s war with the Eastern European country after amending its constitution with the corresponding goal in 2019, two other European nations might skip ahead i…
How it started (October 2020),……… And how it’s going………..
This bear market is, as all bear markets do, moving in stages. The tech stocks and SPAC stocks were the first to start cracking last year, and the damage will continue to spread. Even now, in the second inning of this bear market, I am amazed how m…
You all KNOW how many months I’ve been looking forward to this.
The New York Fed’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows a solid increase in total household debt in the first quarter of 2022, increasing by $266 billion (1.7%) to $15.84 trillio…
Americans looking to buy a house are currently facing an almost perfect storm of unfavorable conditions. Not only is it hard to find a home, it is also increasingly hard to afford one. Historically high home prices combined with mortgage rates that are…
FEEDIn case you are wondering, after a 95% loss for retail investors, if anyone made money from Peloton, the answer is………YES! They’re called “insiders“, and they dumped it all on a hapless public when the stock was l…
Mortgage rates in the United States continued their steep climb last week, adding to the woes of would-be home buyers that are already facing historically high prices and steep competition in the tight housing market. According to Freddie Mac, the aver…