Far and away the biggest financial story on Tuesday afternoon is the wipeout in Netflix (NFLX) shares. The stock had already lost an eye-watering 50% of its value in half a year’s time, but it wasn’t finished crashing. The stock is down…
After a federal court struck down the nationwide mask mandate on airports, planes and other forms of public transportation, it remains unclear how the decision will impact flight traffic in the United States. While some passengers may have been discour…
A 3 day cycle up phase has now been flat on the ES S&P 24 hour futures hourly chart for more than a day. Flat up phases imply sharp down phases. Of course, they don’t always work out that way. Sometimes the subsequent down phase just continues side…
I don’t expect much upside in the near term but the outlook should brighten later this year. Subscribers, click here to download the report. Four…
Last week’s daily screens tilted to the buy side, going against weakness in the market averages. The final score for the week was 97 Buys…
I’ve been featuring this chart lately as a canary in the coal mine for what’s really going on in the banking system. The Fed has published it in its weekly H8 banking data for oh, the past 30 years or so. It doesn’t like what it sees, or what it tells…
I began to warn in December 2021 that the process of the CLI flattening was beginning, and that that would lead to bad things happening.…
Let’s ask “cui bono” of the $33 trillion in added debt and the $9 trillion added to GDP: to whose benefit?
Well, I had become accustomed to Sunday being the Everything Green day, as the deeply-embedded Stonks Only Go Up psychosis always commenced each and every new week. What a refreshing change to see a sea of red. We’ve taken out last week’…
We’re on the doorstep of massive T-bill paydowns over the next 4 weeks, that are a bullish influence every year at this time. But stocks…