Yesterday’s announcement by the Trump administration to delay some of the new tariffs on China it just announced a few weeks ago was initially greeted with relief by equity markets across the […]
Reality Dawning
Risk
Do investors recognize how much risk they’re taking on at this stage in markets? I think it’s a highly relevant question as things may not be as well as they seem. On […]
Rate Cut Show
The circus is back in town and it’s putting on a major show, the rate cut show. Some thoughts for your consideration: Firstly, the expectation is for a 25bp rate cut. That’s […]
Credit Card Splurge
You’d think that the drop in yields and a Fed about to cut rates would’ve brought about some relief to credit card bills. No Sir. And you might think that the highest […]
The Most Dangerous Game
How can I not talk about the Fed? How can I not talk about the daily jawboning? It is all around us. Every. Single. Day. And it keeps working. I feel like […]
The Rise of Insanity
Everybody is trampling all over themselves to raise bullish targets. $SPX 3,300, $SPX 3,350, $SPX 3500, do I hear Dow 31,500? Yes I am. The big driver of course the Fed and […]
Do Not Mix
A couple market lessons from history perhaps worth considering for both bulls and bears. I’m an analytical soul. Data and facts matter to me. But clearly they don’t blend well in our […]
Free Money Socialism
In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, […]
Monetary Wars
It’s all in the open now. Front and center. The new global easing cycle has begun before the last one ended. Jay Powell’s ready to act speech on June 4th. On June […]
Curveball
If you went panic chasing into stocks following Jay Powell’s ‘ready to act’ speech on June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic data […]
Global Fail
I can’t emphasize this point enough: The fact that central banks are about to embark on a new easing cycle, here and now, represents a global fail of epic proportions the magnitude […]
Game Over
Game over. The grand central bank experiment of the last 10 years has ended in utter and complete failure. The games of cheap money and constant intervention that have brought you record […]
