Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
Global markets appear acutely vulnerable.
But when the Fed’s fundamental powerlessness is revealed and the buy-the-dippers have been forced to liquidate, the true meaning of “mild” contagion will become apparent.
Below is a chart of the SPY Please take special note of the two supporting trendlines.
The conditions we were looking for last month have happened. It sets up a perfect storm. But we are ready for it.
In the latest joke of our clown world, here is Rivian, a company that has sold ZERO production vehicles, has ZERO revenue, and BILLIONS in losses. Last month, it was worth more than Volkswagen. I suspect strong price support will be found at $0 and…
CUSIP: 912796K73Term and Type: 23-Day BillCMB: YesHigh Rate: 0.050%Investment Rate: 0.051%Price: $99.996806Allotted at High: 70.04%Total Tendered: $162,799,984,000Total Accepted: $60,000,084,000Auction Date: 12/17/2021Issue Date: 12/21/2021Maturity Dat…
CUSIP: 912796K73Term and Type: 23-Day BillCMB: YesHigh Rate: 0.050%Investment Rate: 0.051%Price: $99.996806Allotted at High: 70.04%Total Tendered: $162,799,984,000Total Accepted: $60,000,084,000Auction Date: 12/17/2021Issue Date: 12/21/2021Maturity Dat…
Many factors determine population movements, which can be voluntary or forced, the latter being “as a result of the increased magnitude and frequency of disasters, economic challenges and extreme poverty or conflict”, according to the International Org…
Despite surging consumer prices, the Federal Open Market Committee (FOMC) unanimously decided to keep interest rates near zero for the time being. As the U.S. economic recovery progresses and inflation is picking up, it did move up its timeline for pos…