The red line is the March level of CPI adjusted retail sales aka Real Retail Sales. Speaks for itself for the damage done by inflation.…
The pullback in bond yields has reached criticality. I think they’re going lower in the short run. Once again, it’s a GTFO gift. Understand why…
It’s that time of year market fans. Spring flowers are blooming, the eggs are rolling, and the matzah is cracking. Pass the chicken fat. We will now sell a brate the resurrection. Of the stock market.
The liquidity will be flowing into the markets…
This is an update to yesterday’s inflation news to include today’s news on my favorite inflation measure on the chart. That’s the PPI, Final Demand,…
I can’t wait to see the down. Indeed, yesterday’s double bottom looks like the 5 day cycle low I was expecting. But the up phase has been punk so far.
When up phases stay flat, the down phases that follow usually have one of two common paths. T…
I look at my 50 ETF charts each day, and I was doing so, something odd occurred to me: the chart of the treasury bonds ultrashort fund (symbol TBT) sure did look similar to, of all things, natural gas (UNG). Just for the hell of it, I put them on t…
Ya know, if inflation is as muted and not-very-shocking as the government wants us to believe, how come gold is acting like a total bottle rocket? The good news is that gold is up over $33 and has finally broken above that horizontal. The not-so-go…
The purple line is the Fed’s System Open Market Account, in other words, its securities holdings. You see the Fed’s balance sheet normalization 2017-19, and then the return to massive QE in late 2019.
You can see it clearly on the hourly chart of the ES, S&P futures. The market has been cycling like clockwork every 3-4 days. Overnight they completed another downleg, exceeding the 5 day cycle projection of 4400 I posted at the close of regular tr…
Full Time Employment In the Euro Area increased to 116145.40 Thousand in the second quarter of 2021 from 113811.30 Thousand in the first quarter of 2021. Full Time Employment in the Euro Area averaged 113115.78 Thousand from 2000 until 2021, reaching a…