Advertisements

NorthmanTrader

Markets-Macro-Charts-Alerts-Technicals

Tag Archive for ‘central banks’

Bull Market Requiem

A bull market requiem: Following the financial crisis the world needed coordinated structural solutions (and those would be hard requiring tough choices). Instead what the world got was coordinated central bank intervention which shrunk the middle class, made the rich richer and provided the rest with the illusion that things were getting better as pro forma unemployment rates shrunk and housing prices rose again and stock markets jumped from record […]

Advertisements

Continue Reading →

Fed Watch

Oh I love Fed chatter. Always provides an opportunity to read between the lines. Fed minutes aside what do you really think? Here’s a string of headlines that came across today, and you tell me, how confident are these guys: “Fed’s Kaplan: Bulk Of Impact From Tax Cut To Be Felt In 2018 KAPLAN SAYS U.S. MAY NEED TO MORE ACTIVELY CONSIDER WAYS TO REDUCE U.S. GOVERNMENT DEBT GROWTH FED’S […]

Continue Reading →

2017 Market Lessons

Before I publish my market outlook for 2018 in the days ahead I thought it might be useful to recap some lessons learned from 2017. While I want to focus on technical considerations some larger market context first is equally important. The biggest mistake bears always make, myself included, is underestimate the sheer recklessness of bulls. They keep raising the bar higher and higher, get everyone positioned long and when the […]

Continue Reading →

Pushing People

Every once in a while you get a nugget of truth in our noise filled world. And when you do you have to cherish it. Like a prized possession. In the real world it is considered impolite to push someone. People can get startled and stumble, or they can fall and hurt themselves or worse, depending on what they get pushed into or over. But in the monetary world if […]

Continue Reading →

The Altar of FOMO

Retail investors are worshipping at the altar of FOMO (fear of missing out). It may prove to be a painful experience. Never before has retail gotten this aggressively exposed to stocks. Just in time when central banks and buybacks are pulling back. I talked a bit about this in the recent The Carrot Top, but I want to expand a bit on this to issue a general warning for retail: […]

Continue Reading →

The Carrot Top

No period is worse for bears than when it’s the best time to sell stocks. It’s the polar opposite of when conditions are worst for bulls, right when it’s the best time to buy as it was in January-March 2009. The exhaustion factor is enormous. It’s called capitulation as moves get stretched to the extreme even though the set-up is valid. November’s close marked the 13th consecutive month straight up […]

Continue Reading →

The Deflating Rally

Record prices continue to be printed on US indices as the global multiple expansion on the heels of still ongoing record central bank intervention has yet to slow down in a significant way. All central banks were in essence dovish in recent days and weeks, whether the FOMC, the ECB, the BOE and of course the ever active BOJ as well as the SNB as it showed a new record […]

Continue Reading →

Quick Takes

I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may […]

Continue Reading →