Just when we thought the selling would never stop… the S&P does an about face and rallies up 20%. It almost reminds me of seeing those UFO videos where some strange object turns on a dime and zips off in another direction… Like it’s giving gravity the middle finger. The latest low came in on […]
Earlier this month I filled you in on HKD and how it signaled “Meme Squeeze 2.0”. Then, I talked about how the insanity was a sign that markets were still very, very broken. Well, it looks like the Apes are flinging their poop all over the place once again… And the commotion is rippling through […]
Last June, you could just kind of tell a dark cloud was hanging over the markets… And the news coming out, whatever it was, was NOT going to be pretty. The biggest tell was the way the Biden Admin tried to soft-play the CPI numbers before they came out. I think the actual number that […]
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Well it’s been a dizzying few weeks in the markets, with a lot of strong moves both in the indices and some key names… … but at this point, we’re coming into some steep shelves that could lead to a little rollover in the markets. Just in case you missed it, we covered a lot […]
Well, it finally happened… the Biden Admin got something passed and it’s a real DOOZY! By now, you might have heard how it massively expands the Inquisitors (ahem, I mean IRS)... And how it earmarks slabs of ooey, gooey pork fat for “Green Energy”... But there’s one little corner of the 700+ page bill that’s […]
It’s shaping up to be a dismal cap to the year in Western Europe. Skyrocketing power costs are crippling their citizens… … and getting worse by the day: Another day, another record high: 🇫🇷⚡️French 1-year forward baseload power hits €543 per MWh🇩🇪⚡️German 1-year forward baseload power hits €414 per MWh (For context, the 2010-2020 average […]
After the HKD debacle I think we broke some liquidity structures in speculative stocks. It looks like there’s not enough “milkshake” for everyone to drink so it’s turned into a giant fight over the straw. It’s led to some strong runs…and it’s bleeding over into Meme Stocks once again. But I for one am not […]
