It’s Bad!!!! ….. Oh ….. No ….. Wait …. It’s Good!!!
The market’s first move in response to the Fed Decision was down, but it’s second move was up – big (Intraday Chart).
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Good Inflation Report Paves The Way For a Rate Cut – Mr. Market
Reading Time: 1 minuteThe Core Personal Consumption Expenditure (PCE) Index came in 1.9% (pg. 12, Table 11) higher for July than it was 12 months ago. That is within the Fed’s comfort zone of 1-2% – for the third consecutive month. Combine that…
Harrison: It’s A Cyclical Bull Within A Secular Bear
Reading Time: 1 minuteIt’s important to understand that this cyclical bull is part of a prolonged and painful secular bear stretch. – Todd Harrison, “Ten Reasons Why This Is Not A Bull Market”, Minyanville, March 24
A Role for Ancient Sanskrit Scholars in Today’s Market – Ben Changes One Phrase and the Market Goes Nuts
Reading Time: 5 minutesSanskrit n. : 1. An Indo-European, indic language, in use since c1200 b.c. as the religious and classical literary language of India. To the casual observer, today’s market action is sure not to make any sense. The Fed left the…
With Treasuries Repriced For a Fed On Hold, The Bulls Are Back
Reading Time: 4 minutes“For equities, and for the bond market in general, this may come to be viewed as merely an adjustment – a restoration of the old relationship between Treasuries and the federal funds rate – and they may be calmed by…
Top Gun FP Client Note: The Charlie Sheen Market
Reading Time: 6 minutesNOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
The Top Is Probably In
Reading Time: 6 minutesLet’s flashback to March 2000 when the Dot.com Bubble topped. The NASDAQ closed above 5,000 twice – Thursday 3/9 and Friday 3/10. And that was it. Today, the NASDAQ closed above 10,000 for the first time. Because of human psychology,…