Keep an eye on AAPL, the last blue chip holding up this farce. If we break the channel (about $155), Jim Cramer and all his empty-headed permabull lunatics are going to go down in flames. Of course, it wouldn’t hurt if some other multi-trilli…
The Treasury Borrowing Advisory Committee (TBAC) told us in early February that it estimated that the US Treasury would pay down $358 billion in T-bills…
OK, so fade me.
Yep, while yesterday’s turnabout was dramatic, and for me, surprising, it is not without information.
And since we are living beings, we both create, absorb, process, and transmit information. It’s but a fleeting moment, but…
It’s honestly just beautiful. A channel spanning an entire decade, once broken, created rock-solid resistance:
Paypal, of all companies. It’s incredible how many companies are getting blown all to hell while goddamned Apple is keeping this entire farce going. It’s down yet again today (not reflected in the chart below, since I took this screensh…
House prices have skyrocketed in the EU over the past decade, far outpacing the rate of growth for rentals. A new Eurostat report, released on 8 April, found that between 2010 and Q4 of 2021, house prices went up by 42 percent across the bloc, while re…
$74 billion in T-bill paydowns so far in April have been enough to cover net new Treasury coupon issuance with $40 billion left over for other games. It hasn’t helped the bond market. Treasuries continue to be liquidated, and short term T-bill rates co…
I’ve read some grumbling and hand-wringing with respect to the real estate fund symbol IYR, whose analog I’ve mentioned a number of times. It’s certainly been stubborn about weakening, but I wanted to provide this perspective on w…
Again, he gets paid $5 million a year for this. And in spite of it, even today, people are coming on bended knee to get his counsel. (And pay to have access to it). In fairness, though, all the “pros” on Wall Street are equally inept. O…
After more than a decade of uninterrupted growth, Netflix suffered its first subscriber drop in the first three months of 2022. The world’s largest video streaming service ended the quarter with 221.64 million paid memberships, down 200,000 from the pr…