Has the Fed been forced into the type of asset price inflation that actually will be the cause of the next recession? And may that recession be unavoidable despite everybody now ringing […]
Party like it’s 1999
SELL
How to assess risk in a risk free world? Stocks are relentlessly bid up like taped bananas on a wall with charts taking on banana like shapes: Inverted, pointing relentlessly north. “Melt-up […]
The Key
After weeks of rallying on low volume on virtually no 2 way price discovery and relentless volatility compression the inevitable has happened: $VIX has busted out of its latest compression phase for […]
Game Over?
What happens if you toss $97.9B in liquidity at an extended market and it sells off anyways? Maybe nothing, but maybe everything. The unholy alliance surely has succeeded in elevating asset prices […]
Crumbling
The rally is crumbling underneath while the bid remains persistent and dips are shallow to non existent. I recently already talked about problems sighted with this rally, but want to highlight another […]
Problems Sighted
As the 3 main indices have made multiple new highs in recent days and weeks it may be worth to keep taps on the health of this rally. Why? Because for rallies […]
The Day of Reckoning
Well, they’ve done it again. By “they” I of course mean the US Federal Reserve and all the other central banks combined. Synchronized global easing it is called and the once again […]
Megadeath
Reports of the demise of the Megaphone may be greatly exaggerated. Last week $SPX exceeded the upper trend line of the Megaphone pattern and calls of the pattern’s death have been plentiful […]
Something Smells
New highs every day or so now. Investors are chasing the new highs, the president celebrates on twitter almost every day. Things are great. Melt-up talk is the rage. Hate to be […]
Melt-Up
Lots of chatter about a coming melt-up coming in stocks. And why not? If fundamentals or earnings growth no longer matter and markets are drowning again in artificial central bank liquidity may […]
BreakOut Fake-Out?
The Fed cut rates, the ECB officially launched QE, and a parade of administration officials touted progress on the ever elusive China trade deal for the 100th time and voila: Markets breaking […]
Launch Failure
Well, I hope it was all worth it. What was? The Fed whoring itself out to market pressure once again of course. Throwing in that totally unnecessary 3rd rate cut. But they have […]
