As has been widely expected after the latest economic data, the Fed decided to keep its policy rate steady for the seventh consecutive time at its June meeting, while also dialing back expectations for rate cuts in 2024. Following a two-day meeting of …
One of the reasons why people are so concerned with inflation is the fact that high inflation hits consumers right where it hurts: the wallet. In times of high inflation, when prices increase faster than nominal wages, real wages go down, meaning that …
While progress in the fight against inflation has stalled in the past 12 months, the inflation rate has come down significantly from its peak in June 2022. Looking at the steep decline of the inflation rate since then and hearing the talk about inflati…
I recognized at the end of May that there would probably be no June swoon. There are still more than two weeks left in the month, but so far, so good. The 5 hour bar chart of the ES shows an orderly bull move that still appears to have some juice.
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The market relentlessly pounds away at etching new highs in the stone overhead. Meanwhile the FOMCircus has come to town. We await ringmaster’s Jay’s Wall Street media freak show main event at 2:30 PM. What a bunch of clowns and ass kissing turds. I…
It’s a yawn not only because it’s boring, but because it’s another bullish setup. Bears need ES below 5339 at the NY open and/or below 5325 to have any semblance of any shot of any chance, of getting even a short term reversal out of this deadly dull m…
List performance was poor last week despite being overwhelmingly long, consistent with the market. It might just be a matter of requiring a little patience,…
The cycle setup is bullish for a few more weeks. That’s consistent with bullish liquidity over the same period. Here are the resistance levels and…
Today’s selloff creates the potential for the development of an ugly top pattern if… Non-subscribers click here for access. Subscribers, click here to download the…
Withholding tax collections boomed in May. Consequently, the US Treasury is flush with cash. This means that T-bill paydowns are likely to hit my previous…