At the end of 2021 I said that inflation would be the theme of 2022. In 2023 everybody will be saying the R word: recession. While inflation has been mostly tamed by the Fed’s aggressive rate hiking, the market hasn’t…
Next week is the last with significant data and events of 2022. First comes the November CPI Report on Tuesday December 13 at 8:30am EST. As long as it isn’t above October’s 7.7% I think the market should be fine….
ANOTHER BEAR MARKET RALLY: The stock market has rallied nicely the last couple of months and once again the bulls are saying the bottom is in. It isn’t. Like March and August this is another bear market rally – though…
As we enter the holiday season into year end there will be less data to move markets and seasonality historically plays a significant role. Next week the NYSE and NASDAQ are closed for Thanksgiving on Thursday November 24 and there…
The scenario I laid out Tuesday morning is playing out exactly as I thought it might: a lower than expected October CPI Report combined with extremely bearish investor positioning has resulted in a massive relief rally (“Speculating On The October…
WARNING: The trade recommended in this blog is highly speculative. You could lose all your money. If you choose to take it keep that in mind and invest only a small amount of money. I usually like to save my…
Leading gold miner Newmont (NEM) reported 3Q22 earnings Tuesday morning. NEM continues to execute with 1.49 million ounces in attributable gold production putting it on pace for 6 million ounces of production in 2022. Adjusted EBITDA of $850 million and…
When I go out I like a burger with fries or a margarita with salt. But that’s not what the market is serving. We’ve got a Fed pivot with weak earnings. What should we do? Obviously a Fed pivot –…
Stocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
When people talk of a “price level” they have in mind the image of a level of a liquid which goes up or down according to the increase or decrease in its quantity, but which, like a liquid in a…