You can see it clearly. The ES fucutures are near the upper bound of a trend going back to the beginning of January. A bunch of trendlines are clustered around 3920-25.
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.
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
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.