The moment has finally arrived: The BLS will announce the March CPI at 8:30am EST Wednesday. Trading has been subdued this week as investors position ahead of the report. While Tuesday was not a third consecutive inside day, its price…
Last Thursday the market opened strong only to roll over hard into the close. The S&P had a 100 point range of approximately 5150 to 5250. Friday was an inside day in which all of the price action took place…
In this blog I am aim to give a synoptic account of the structure of human knowledge and its implications for our contemporary scientistic worldview. When we think of knowledge nowadays, the first thing we think of is science. And…
When I was in college my best friend had a serious interest in economics. The only child of Indian immigrants, he had a deep need to become wealthy. Perhaps he felt that wealth would cause him to be accepted and…
Friday was an interesting day as the market rallied in the wake of the stronger than expected March Jobs Report. Technically, it was an inside day with all of the price action taking place within Thursday’s range. Therefore, Thursday’s range…
The market was cruising along as usual Thursday before reversing hard to the downside starting around 2pm EST. At the time, it wasn’t clear if the catalyst was a speech by Fed President Neel Kashkari in which he said the…
In a previous blog, I defined the culture of nihilism as follows: We live in what I have come to term “the culture of nihilism”. It is a culture characterized by self absorption, selfishness, lack of concern for others, incivility,…
In “The Market Will Soon Hit An Air Pocket And Drop 20% In A Matter Of Months” (Thursday March 28) the second reason I gave for the coming crash was: Monetary policy acts with a lag and will hit the…
While the market held up last week despite underperformance from the Magnificent 7 (or Fab 5) because of strength in the rest of the S&P 500, it can’t go much higher without them leading. That’s simply a function of math:…
On any given day, Elon Musk might be the hero or the villain. Call it the duality of Musk – part of the reason he confounds both supporters and critics alike with achievements that amaze and comments that appall. –…