For the week ended March 20, there were 22 charts with multiple buy signals as of the last two trading days. There were 200 multiple…
The ES, 24 hour S&P futures have broken out again here in the pre market. They’re about 7 points above the peak set two days ago. OK, breakout is too strong a word, but the higher high confirms the uptrend and the validity of the conventional measu…
The Fed injected nearly $300 billion into the banking system last week. That put in place at least a temporary detour for stocks. That detour…
The ES 24 hour S&P futures sold off overnight, but US traders woke up this morning and bought the effin dip as usual. It remains to be seen if they’ll be sustained or punished when regular trading opens. The key area to watch for a rally signal wou…
The Fed is playing a new game. The problem is that nobody knows what the rules are, not even the Fed. In fact, nobody even…
A bank’s assets triple over a few years when interest rates are low. The bank invests those assets in long term, higher yielding municipal bonds with little credit risk. Inflation flares up and interest rates rise, reducing the value of the municipal bonds and funding dries up. Regulators become concerned that the failure of this […]
So, Washington will bail out wealthy depositors at SVB and Signature and deny the same treatment to depositors when more traditional banks begin to fail?
There is a huge disparity in labor force participation among over 65-year-olds across different OECD countries. According to data from the organization, Japan and Korea are the places where those aged 65 and over are making up the biggest share of the …
Protests and strikes that have disrupted France for weeks are expected to grow more intense as the government yesterday decided to force through a controversial reform raising the minimum standard retirement age from 62 to 64. The change has been in th…
Was yesterday destined to be a failed breakout? Only the Shadow knows. Stay tuned to the latest episode of Return to the Scene of the Crime on your local Capital Stoolcasting Company radio station. The rest of us will know soon.
My guess would be…
