On May 4, 2022, the Federal Open Market Committee (FOMC) decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities (MBS) on June 1, 2022, as described in the Plans for Reducing the Size of the F…
What if all the new consensus memes are as wrong as the ones they replaced?
The market has broken the latest iteration of its downtrend by moving sideways. Nothing has happened yet, but obviously, something will happen after 2 PM ET today. That’s when the Fed will announce a 50 bp increase in the Fed Funds target and the begin…
I keep track of the electric car companies. Here are the big boys, listed in order of performance, from bad (Tesla) to absolutely horrible (Ree). Enjoy!
I remember it like it was yesterday. It was late in 1992, and the partner in my startup, Prophet Financial Systems, told me excitedly that Palo Alto finally had a “real” coffee shop called Starbucks. I had never heard of it before, but …
I don’t trade it myself, but I know natural gas has been a hot topic this year. Take a look at UNG: it seems unstoppable, all starting with its cup-with-handle bullish pattern.
Yesterday markets made new lows for the year accelerating to the downside following up on the 3rd negative start to a year through April in history. Yesterday on my Twitter feed I […]
Well, my friends, here we are again. Instead of letting the organic, God-given natural forces of markets work themselves out, we have to wait like unruly children outside the Vice Principal’s office, waiting for him to do whatever it is he…
There are signs of a V bottom in the miners. Is it time to reach out and catch the golden knives? Subscribers, click here to…
I missed yesterday’s stick save. I was busy working on this.
The Fed is Tightening Into a Sheet Storm
As Potatohead pointed out late yesterday, one member of the Twitterati believes that the bottom is in on the news of the quarterly Treasury…