There’s always a rally somewhere. Can you see it?
I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days ago.
Not much. Not good.
The TLT of course is a proxy for the bond market. It’s the 20 year Treasury bond…
Here is the third (and I think most exciting) big tech earnings announcement coming on Tuesday afternoon: Alphabet (known by 99.9999999% of thinking people as simply Google, which is also kind of suggested by the GOOGL ticker symbol). As I wrote in…
The expectation of one last high before summer has been pre-empted. Longer term indicators look hurt too. Subscribers, click here to download the report. Non-subscribers,…
I am behind the 8 ball this morning, as I took it easy and did a little grocery shopping on this beautiful sunny Cote d’Azur day. I’m enjoying my last two days in beautiful Cannes, as I prepare to move to my permanent home which I’ve purchased in …
Emmanuele Macron has won the second round of the French presidential election against Marine Le Pen. With 58.6 percent according to the preliminary final results, the incumbent is well ahead of his right-wing challenger. But the gap has narrowed compar…
WOW! Ya think?
Needless to say, now that a bastion of mainstream media financial “journalism” has made that brilliant deduction, no doubt the bond market is poised for a rally. Yes, the 10 year will hit 3%, but first they’ll take a pound of flesh…
No surprise, last week’s daily screens tilted to the sell side. The final score for the week was 148 Buys to 187 Sells. That’s still…
The market did an abrupt about-face after breaking out of a crash channel to begin the week. That about-face put the market right back in…
This may be one of many revaluations of capital vis a vis labor and resources and core vis a vis periphery.
FEEDFew criminal scumbags have benefited more from the Fed’s largesse than Larry Fink. It’s heartwarming to see his company getting torched, and I salute the market’s efforts to continue to pummel this into oblivion.