Everyone who lived through the Global Financial Crisis (GFC) remembers the Emergency Economic Stabilization Act of 2008, if not the name itself. The law had authorized TARP (among other things). It was passed during the messiest part of the panic, being signed into law on October 3, 2008. You can always tell what is not […]
Since 1900 markets have had their fair share of crashes. Mind you crashes don’t happen that often, in fact crashes are very rare. You know what’s also very rare? A particular party […]
This morning’s hourly chart of the ES futures looks a lot like yesterday’s. But boy is this thing pregnant. The question is, with what? A…
The market held at support and immediately rebounded to the top of the trading range and a bit more last week. But trend resistance lines around 3350 were not violated. A failure to penetrate that area would leave the market vulnerable to a decline back to the bottom of the range around 3215.
I have suggested a trade that would profit hugely from that scenario, if it plays out, of course.
Oh how I miss George Carlin. Yes he was mainly known as a stand up comedian, but he was more than that, much more. He was a social critic, he challenged that […]
The pause in the growth of the Fed’s balance sheet over the past 6 weeks isn’t what the pundits are telling you. Some are saying…
Is there any political risk for equities in this election year? The 2016 US election has been a nirvana for US corporations who benefited the tremendously from the Republican led 2017 tax […]
Once again they took all the pain away. What looked like the beginning of a larger market correction, amid renewed reductions in global growth outlooks, was again aborted in its tracks by […]
Central bank monetary stimulus has succeeded in completely turning risk analysis on its head. In all the craziness, China fragilities are a positive.
We knew German Industrial Production for December 2019 was going to be ugly given what deStatis had reported for factory orders yesterday. In all likelihood, Germany’s industrial economy ended last year sinking and maybe too quickly. What was actually reported, however, exceeded every pessimistic guess and expectation – by a lot. IP absolutely plummeted in […]