Markets are subject to a giant con game. The game of CONfidence. Confidence must be maintained under all circumstances or we’re heading into a global recession first and then a US recession […]
In this weekend’s market update I want highlight a few observations that crystalize a theme that has emerged in this market: It keeps repeating key structures and patterns as it’s fighting a […]
Are we hitting the wall here? Markets. Economy. Technicals. Valuations. All appear at a key crossroads here. Last week’s 3% pullback, while in itself not seemingly dramatic, came at a very key […]
Well, here we are. All roads have led to here. The combustion case outlined in April, the technical target zone outlined in January of 2018. Trade wars, 20% correction in between, Fed […]
Markets are engaged in a clear battle for control: An active Fed eager to extend the business cycle using asset price inflation as its primary means to generate further debt financed growth […]
Investors have a choice to make. Take the blue pill and believe whatever you want to believe. You may choose to believe that markets never go down, but for a brief moment […]
On Mount Everest the Death Zone is the altitude above 8,000 meters above which climbers cannot survive for an extended period of time without oxygen (speak: artificial help). In the Death Zone […]
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, […]
Clever markets. Many index charts have camped themselves inside tight key price zones ahead of the Fed meeting this coming week leaving potential for important breakouts or equally important breakdowns. The trigger […]
Unemployment at 50 year lows, S&P 500 near all time human history highs and rate cuts are all the rage. Markets were screaming rate cuts and the Fed dutifully complied, first Bullard, […]
Let’s call a spade a spade: The month of May was a month of collapse. Collapse in bullish narratives, collapse in trade talks, collapse in yields, collapse in technical structures, collapse in […]
Sorry no weekend video this weekend, instead I just wanted to offer some commentary on some of the macro charts I recently posted on twitter. The larger message of all of these […]
