And shoulders over 3 weeks. Completed, and busted. The thing measures to about 3805. The 5 day cycle projection points to 3855-70. But there’s a fly in the bear’s ointment.
Today’s Fed QE
Last week was only four days due to the President’s day holiday but it was eventful. The big news of the week was the spike in interest rates, which according to the press reports I read, “came out of nowhere”. In other words, the writers couldn’t find an obvious cause for a 14 basis point […]
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
Existing market infrastructure will buckle under tens of millions of synchronized sell orders.
The Treasury is injecting more cash into the market. It announced today that it will do a second round of T-bill paydowns next week, adding another $41 billion in T-bill paydowns, to be settled on February 25. This is on top of the just announced $55 billion T-bill paydowns settling on February 23.
This madness is now global, so next up: global depression.
According to the Statista Advertising & Media Outlook forecast, 34 percent of global media sales were generated digitally in the past year – five percentage points more than in 2019. The growth in upcoming years is expected to be less steep, however. A…
Since the UK started recording public sector net borrowing on a monthly basis in 1993, the scale to which the government has taken on debt has never been higher. As the latest Office for National Statistics data shows, for the current financial year so…
Money printing galore, dollar in the tank, everything rallying, except Gold. What gives? What’s with the sad face? Gold no longer the hedge, all aboard the crypto train instead? Certainly looks that […]