The path of least resistance is still up. Cycle projections say the S&P will make new highs, and not just by a little.
There is today no doubt in the marketplace that the Fed, in the event of market instability, would quickly replay March’s crisis operations. Markets see nothing inhibiting Fed intervention measures. The sanguine view holds even for the Federal Reserve’s extraordinary international crisis operations.
After the global economic slowdown and the China-U.S. trade war had already weakened Chinese commerce in early 2019, the coronavirus outbreak took right over in 2020 and slashed Chinese international trade even more. In July, the world’s biggest tradin…
Roughly 30 million Americans continue to fear for their livelihood as Congress has yet to find a compromise on extending the weekly supplement to regular unemployment benefits that expired at the end of July. As part of the CARES Act, the Federal Pande…
The death toll from the coronavirus has eased in Europe, but is climbing fast in Brazil. As cases have started growing again in the United States, so have daily death counts. The average number of daily deaths is once again higher in the U.S. than in B…
Uber reported its results for the second quarter on Thursday, beating revenue expectations but also revealing another massive loss. The report also revealed an interesting shift in Uber’s business during a time of massively restricted mobility due to t…
Jobs Friday. Tax data said for July said yooge upside surprise. The as/of date is July 12. Meanwhile- This is a 45 minute bar chart. At 3:30 AM it’s saying we’re either at the bottom of this pullback, or half way down. 3335 is key hourly resistance trend.
Electric carmaker Tesla reached a market valuation of over $270 billion in August, propelling them over $70 billion more in valuation when compared to top global carmaker Toyota to be the most valuable carmaker in the world. Tesla trailed the Japanese …
On Wednesday, Samsung announced their new 5G smartphones will be released near the end of August, with price tags for the new Galaxy S20 and Galaxy Note 20 starting at $1,000. That’s a $300 price decrease from their flagship smartphones from 2019, and …
The reliance on “good news” narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.”Markets” that never go down aren’t markets, they’re signaling mechanisms of the Powers That Be. Marke…