The chart setup breaking below the bear flag is bad for the USD. Very bad! Keep printing!
The chart setup indicating a possible breakout bad for the USD. Very bad! Keep printing!
Back on Sept 2019 I turned bearish on the economy and markets. We officially entered a recession on Feb 2020. Before COVID hit, Covid took a garden verity recession into a depression mostly because of its gross mishandling. The yield curve at the time was Flashing red and everyone said its different this time. I posted this chart back then prior to the spike...
Higher interest rates in an economic depression is a bad JUJU! I am looking for a reversal here.
Look for a possible reversal here. Where NDX will underperform SPY
It seems like yesterday when the FED said REPOs were not QE and I laughed. Dec 2018 the market crashed as ECB ended its QE program. In April of this year I called for MMT everything, meaning endless of Trillions in Deficits, QE, Lending programs that have still on going and expanding.
Risk on Small Caps about to reverse course. The catch up play has gotten tired. Weekly Initial Unemployment Claims increased sharply to 853,000 Up 137K from Previous Week. over 3000 deaths per day from COVID19, hotel occupancy down -40% from a year ago Air travel down 60% Core inflation 1.63%, vaccine or not the deep scaring in the real economy cannot be...
There was a shift in the markets I cannot comment further on. But i would keep a close eye on TSLA NDX ratio.
One of the hallmark signature of a weak 3rd world emerging market is the relationship between its currency and stock market index. In a weak economy you will see the currency devalue while the stock market rises in that currency. But when that same stock market is measured against another currency such a the US dollar it is actually falling. Here is an...
Sometimes its just that simple.
Keep an eye on commodities and South American currencies.
Dollar needs to bounce here or look out below. CAUTION!
Does printing money "for the people" stimulate the economy? Real Macro data says Absolutely not! GDP growth is grossly underperforming public debt. So why do they call it "stimulus"? The only thing $5 trillion in deficits & $4 trillion in QE in 5 months accomplished is to pump up asset prices. Do not confuse normal economic rebound from the depths of hell as a...