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Showing articles 41 - 50 (5963 total)

25Aug11:06 amEST

Inflation Reverses Things You Take for Granted

The good ol' American cup of Joe. A hot cup of java.  A cup of coffee is still relatively cheap in most places in America, provided that you are not dressing it up with tons of additions at a Starbucks or some hoity-toity restaurant, cafe, or hotel. Even then, coffee is still one of the remaining reasonably priced daily items for most Americans...

24Aug10:35 amEST

Beware Bull Market Arguments During Bear Markets

Low volume selloffs, bullish breadth thrusts in recent weeks, "everyone is bearish" sentiment gauges via social finance, stocks holding up well, the worst news is already priced in, etc.. The above arguments are all typically rather bullish and turn out marvelously well during bull runs, especially in the last decade or so when we had a...

23Aug10:42 amEST

Beans, Beans, They're Good for Your Heart

Soybeans are busting up through a well-defined inverse bullish head and shoulders setup, highlighted on the commodity fund's daily chart, updated below. On that note, soft commodities as a group are breaking higher via the DBA ETF this morning, having perfectly held a backtest of their own collective inverse head and shoulders neck-line. Coffee...

22Aug11:15 amEST

The Summer They Poked the Bear...And Powell

Equity--an especially growth stock--bulls have certainly felt their oats this summer, cocksure that Jay Powell simply does not have the gumption to adequately fight inflation and, therefore, their beloved growth stocks would resume their prior bull runs from last decade and then after March 2020.  With Powell scheduled to speak this Friday...

20Aug9:03 amEST

Don't Fight the Last War!

In the following video we examine the current market structure relative to prior cycles.  Enjoy your summer weekend.  

19Aug10:49 amEST

Happy Friday: Credit is Leading Stocks to New Bear Market Lows

As they say, only death and taxes are guarantees in life. And when it comes to markets, guarantees are akin to the Loch Ness Monster, despite what you may read on social media or see on TV.  That said, credit leading equities lower during times of distress is often an excellent tell.And I expect that to be all the more of the case this...

18Aug11:00 amEST

I Wear a Parchment Paper Hat Instead of a Tinfoil One

Years ago a friend of mine enlisted in the National Guard. Not long after he called me up and the first thing out of his mouth was a general statement that anyone who believes in grand conspiracies is nuts--He thought the federal government was barely able to orchestrate a proper picnic. Of course I recognize that stands in stark contrast to...

17Aug3:49 pmEST

An Economic (Not Political) Parting Thought on Student Loans

The Education Department just cancelled about $4 billion in student loans , which applies to about 208,000 borrowers for students who attended the now-defunct ITT Technical Institute.  Now, I am not interested in getting into a political debate over the merits and cons of student loan forgiveness.  However, from an economic standpoint where,...

17Aug11:16 amEST

Summer 2022: When Looming Risks Were Miscalculated

It is my deep conviction that we will look back on this summer as one where the market was burying its collective head in the sand at the imminent and and longer-term risks facing the world economy. First and foremost the imminent Fed dovish pivot is nonsense. As soft as Powell has been the past the CPI is still historically high and not...

16Aug5:26 pmEST

Stock Market Recap 08/16/22 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

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