Well, the bulls managed an explosive, terrifying breakout this morning, only to have it blow up in their face. The bulls are basically the Russian soldiers – – childish, clueless, brutal, and amoral. Whereas the bears are like the Ukrai…
In a bid to capitalize on the growth potential of electric vehicles, Ford announced a major restructuring on Wednesday that will separate its legacy ICE (internal combustion engine) business from its electric vehicle division. The former, to be called …
U.S. and global oil benchmark prices climbed to their highest levels since 2011 and 2014, respectively, after OPEC and its oil-producing allies decided to stick to their plan of gradual output hikes, despite the escalation of the Russia-Ukraine conflic…
I’ll start with the 5 hour bars on the ES S&P futures to show you just where we are in terms of the downtrend since the January high. We are right there on the verge of a breakout through one channel, but still facing resistance every 5-10 points f…
OK, I can’t end the day without just one more post. It’s a simple one, and one which applies to the market as a whole. I’ll leave them to your own interpretation (except for my always handy tip to click the danged thing for a bigg…
The war in Ukraine has set off Europe’s fastest migration in decades, The New York Times reports. In the five days since Russia’s invasion of the country on Thursday, almost 700,000 people left Ukraine, according to UN refugee agency UNHCR. On March 1,…
Federal tax collections looked strong for the full month in February. Don’t be fooled. It was an illusion due to a calendar effect and inflation.…
After Western nations hit Russia with unprecedented economic and financial sanctions over the country’s invasion of Ukraine, China has announced that it won’t participate in unilateral sanctions. Instead, the country “will continue to maintain normal e…
As the Russia-Ukraine conflict escalated and possible sanctions against Russia were discussed, much of the focus has been on cutting off Russian energy exports, the lifeblood of the country’s economy. As the ruble’s value plummeted to historic lows thi…
10 Year Treasury Yield- War in Europe and an existential threat to the world did this. But note that yield is still above the 100…