This Friday’s screens had a bullish tilt, with 41 buy signals and 28 sell signals. This indicates minimal thrust and some drag but it’s enough to keep the averages churning higher in small increments.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Remember “The New Normal”? Back in 2009, Bill Gross, the old bond king before Gundlach came along, penned a market commentary called “On the Course to a New Normal” which he said would be: “a period of time in which economies grow very slowly as opposed to growing like weeds, the way children do; in […]
A 10-12 month cycle high is now ideally due within xxxxxxxx (in subscriber report), with a final projection of 4440 and a 13 week cycle high is ideally due on xxxxx, this week.
To believe the Fed can simply accommodate the financial markets with the most gradual and transparent “taper” and everything will magically normalize is more than wishful thinking.
But once this last pool of wealth–America’s middle class– has been siphoned dry, then who’s left to stripmine and exploit?
Wage inflation is now 4%, centered in a 6 year trend toward higher inflation.
First celebrated in 2008, International Beer Day is commemorated annually on the first Friday of August. According to its organizers, it is “a global celebration of beer, taking place in pubs, breweries, and backyards all over the world. It’s a day for…
After a months-long back and forth – will he sign a new contract or not – Lionel Messi, widely considered one of the best footballers in history, is set to leave Barcelona after spending his entire professional career at the club. Having relocated to S…
Maybe they’re finally going to break out of this range. If they do, we’d be looking at a 5 day cycle projection of 4465.
At least.
It’s also trend resistance.
No doubt, breaking through 4430 would trigger a bot stampede. Question is ho…