Aug 31, 2022
(8/31/22) Considering the Fed's Quantitative Tightening and what CEOs' confidence is saying about the economy; confidence on the wane as the economy weakens (which is the intent of the Fed); dire predictions of a "whopper" recession in 2023; why isn't the Fed looking at M-2? Investor psychology and Pavlov's dog: The Fed's...
Aug 31, 2022
(8/31/22) Tuesday's Jolt Report showing stronger employment jerked markets to attention with the suggestion the Fed may become even more aggressive in its tightening strategy. However, a closer look at the employment scene reveals labor force participation rates are nothing to crow about. The Fed's focus on inflation...
Aug 30, 2022
(8/30/22) Markets are on sell-signals, so use any rally to sell-into and raise cash, rebalance portfolio risk; the impact on credit spreads by rising interest rates will reverberate through the economy. We are likely not through the corrective period. 60% of Americans living paycheck to paycheck--down from 61%! Is...
Aug 30, 2022
(8/30/22) With markets in an over-sold on multiple levels, a rally was due, and markets did on Monday test the 50-DMA and bounced, almost rallying to break-even, before slipping back to the close. Markets actually posted a "green candle" for the day. Tuesday morning futures are pointing higher, as a prelude to...
Aug 29, 2022
(8/29/22) The summer drought is revealing strange discoveries; there's no Powell pivot in sight, post-Jackson Hole; the fallacy of college debt forgiveness; Pew charts disappointment by political parties and the effect on markets; Powell's restoration of price stability, rebalancing supply & demand; curbing inflation...