I can say only that I’m glad not to be in the US now. I’m doing my best to avoid consuming any news. Just make it stop, ok?
Meanwhile, Wall Street rolls and the clueless media invents a different excuse for it every 15 minutes.
Actually, over the very long term, it’s not bullish at all. But in the short run? Aye, there’s the rub.
Remember them? One of Europe’s largest banks? Check. The oldest bank in the world with continued trading since 1472? Check. The first bank in history to require a sovereign rescue? Check. In 1624, the Medici Grand Duke of Tuscany rushed to gu…
There were some positive signs for gold last week and they are coming at just the right time.
Speaks for itself. 5 day cycle projection is 3365. The conventional measured move target of the inverse head and shoulders breakout is 3425-30
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.
Can the U.S. actually sustain any semblance of or pretence at having a functioning healthcare system?
Two types of technological frontier shifts
Or is it?
Click to engorge.
The hourly oscillators certainly suggest so. It’s a quite bullish pattern. To confirm, the ES fucutures need to clear 3335. That would break the last peak, and the downtrend channel.
The conventional me…
We’ve had two working theses over the past few months. One is that the Fed is no longer pumping enough cash into dealer accounts to keep an endless bull trend going. Instead, at best, there’s only enough for rotation between stocks and bonds.
The second thesis was that because dealers are so leveraged, any fall in bond prices, reflected in an increase in bond yields, would mean big trouble for the markets.