The uptrend channels are being tested, but so far, not violated. The number to watch in the 5 AM hour in New Yawk is around 3890. It’s rising at about 1 point per hour. To keep the trend intact it would need to be at 3895 or better at 10 AM ET.
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.
Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.” OK, so the market didn’t quite punch us in the mouth last week, but it did lull me to sleep last weekend. No worries. This week, there were so many charts with buy signals, I’m going all YOLO.
Bitcoin again hit nearly $41,000 this weekend. By doing so it nearly reached the previous highs from January 8 just above $41,500. Whenever an asset hits the area of previous highs it […]
Quite dramatic trends in terms of rising economic uncertainty over the last 21 years.
Home Ownership Rate in the United States decreased to 65.80 percent in the fourth quarter of 2020 from 67.40 percent in the third quarter of 2020. Home Ownership Rate in the United States averaged 65.25 percent from 1965 until 2020, reaching an all tim…
It was immoral for Bernanke to have slashed savings rates to zero and forced savers into the securities markets. The upshot: Tens of millions of Americans are now actively speculating on ever-rising stock prices. In a system skewed for the “haves” and against the “have-nots,” we’re forced to participate in a speculative Bubble for fear of being the chumps left behind. There will be consequences.
Withholding tax collections have exploded upward over the past month through February 3. Other date confirm the strengthening. Here’s what this means for portfolio strategy and trading tactics.
While few industries have been spared by the impact of the COVID-19 pandemic, even fewer have been hit as hard as the tourism sector. As 2020 drew to a close with severe limitations to travel still in place, the World Tourism Organization (UNWTO) repor…
While Americans are getting ready for what they consider the biggest sporting event of the year, the 55th Super Bowl, the rest of the world couldn’t care less. Well that may be a bit harsh, but from an American perspective it’s easy to overestimate the…