Wow, what a day! Allow me to start by sharing with you a tweet I sent out about thirty hours ago: May I direct your attention here, please: In anticipation of this mega-rally, I went totally into cash with my personal portfolio (and sidestepped get…
Federal tax collections were once again extremely strong in April, including withholding taxes, and individual non-withheld income taxes in particular. In fact there were strong…
FEEDAnother disaster for the bag-holding public. DoorDash at new lifetime lows. At least the good men on Wall Street warned people to avoid this piece of fetid crap. Or you could just listen to Cramer.
Robust growth in mortgages has pushed U.S. consumer debt to nearly $16 trillion. Click to gain further insight into the situation.
The post Charted: U.S. Consumer Debt Approaches $16 Trillion appeared first on Visual Capitalist.
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.