Dennis Gartman: The Recession Is Over
We saw it happen two weeks ago – it’s over.
– Dennis Gartman in a recent interview, quoted in “Recession is over, says economist”, Fortune, August 6
We saw it happen two weeks ago – it’s over.
– Dennis Gartman in a recent interview, quoted in “Recession is over, says economist”, Fortune, August 6
News just broke that Warren Buffett will purchase $3 billion of perpetual preferred stock with a 10% yield from General Electric (GE). As part of the deal, he will also receive warrants to buy $3 billion in GE common stock at…
Early Saturday morning – even before Iran fired missiles at Israel – I wrote that the bear market was on the cusp of being resumed. In fact, I literally guaranteed it at the end of the accompanying YouTube video I…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
Last week was an important week as the market cap weighted S&P and NASDAQ both broke below their 200 DMAs. It was something I’d been expecting given the underlying internal weakness in the market for quite some time now (“The…
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I think we all know by now that it’s all about The Fed. Ever since Powell pivoted hawkish on April 21 it’s been straight down for risk assets. Which brings me to the release of today’s Fed Minutes at 2pm…