Today was an important step forward in the market’s breakdown. When the biggest banks, which have unlimited access to however many trillions of dollars they demand from the US Government, can’t manage to blow earnings expectations out o…
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
This gives an extreme advantage to those few who move first, long before they must. The financial advantage for first movers is equally extreme.
After banning Twitter in June 2021, Nigerian President Muhammadu Buhari has officially lifted all restrictions placed on the microblogging service at midnight, January 13. With his decision, the number of countries currently blocking the social media s…
Despite the unprecedented surge in Covid-19 infections driven by the Omicron variant, U.S. airports have been staying relatively busy. While the number of TSA safety checks performed at U.S. airports over the past week trails January 2019, i.e. pre-pan…
This one is a tough call. On the ES S&P futures, 4675 is an obvious fulcrum. Above that, bulls have the ball but not control. Below that, bears have the ball. Below 4645 bears would be in control for a move likely to test the low around 4575.
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According to data by the Department of Health and Human Services, 19 U.S. states currently have free ICU hospital bed capacities diminished to 15 percent or less. In five states – Texas, Alabama, Rhode Island, New Mexico and Missouri – the average free…
It was a real pleasure to close Thursday with literally every single symbol on my futures watch list red. That hasn’t happened since the Bicentennial, and I wouldn’t mind if it was a daily event. As we approach the kick-off of the earni…
Just a few days in……..
The earnings season for Q4 2021 begins in earnest tomorrow morning, and as is customary, the banks lead it off. I guess the banks go first since it’s so simple to calculate profits when all they have to do is ask for free money from the gover…