Bored by the benign chop in markets drifting ever closer to all time highs again? With almost programmed certainty new highs are coming every month after all. New highs Fed balance sheet, […]
It’s Coming
Transports
Following up on The Trap which suggested recent market strength may turn into a bull trap. Last week again we saw the tiniest dip in markets instantly reverted and markets again closed […]
The Trap
Markets continue to be engaged in a very subtle battle for control. Having just witnessed another minor pullback of 5% or so here in May one can certainly argue it’s business as […]
Froth
So Powell finally used the F word: Froth. Being non specific though as one would expect and being super careful as to not overtly link monetary policies to the said froth we […]
Freaky Markets
On April 26 $SPX made a slight new high on a negative RSI divergence following a historic, near uninterrupted rally off of the March lows from the previous year. If you think […]
Has the Bubble Already Popped?
Has the bubble already popped and we haven’t realized it yet? I recognize it could be considered a ludicrous question to even ask considering indices just made new all time highs last […]
Peak Liquidity
The amount of liquidity pumped into the markets and the economy in the last year dwarfs anything we’ve seen in history. Markets certainly have reacted to it with exuberance and the bounce […]
Risk Free
I’m a very lonely voice in equity markets right now. Technically nothing has really surprised me yet, not the $VIX crush to the February gap fill, not the move toward the 4156 […]
All Things Being Equal
The ghost of 2013 indeed is hanging over this market. Nothing matters and the trend remains fully intact and new record market highs are made every month. November, December, January, February, March, […]
The Ghost of 2013
What have we learned so far in 2021? Simple: The relentless liquidity machine remains in full control. In addition to renewed and larger fiscal stimulus central bankers, including the Fed, have made […]
The Record
March 23, 2020. The day of the bottom and markets never looked back a few intermittent corrections aside. Central bankers have done it again: Print the world out of another crisis and […]
Dropping the Hammer
The ritual has become as old and stale as it has become predictable: A central bank promises to continue the free money spigot and market participants pile into risk assets as we […]
