Pricing in the Unpriceable

16May2:28 pmEST

The Hunt Brothers and Silver Thursday

On Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt to corner the silver market, the price of silver plunged and led to panic on commodity and futures exchanges. The following video gives some insight into one of the more interested post-WWII events in market history. As...

15May11:31 amEST

Hardcore Setup for a Hardcore Vision

At the risk of being overly-dramatic, it is what is--We may be headed towards a perfect, albeit horrifying, storm of historical unemployment coupled with rising prices all around thanks to endless Fed and government attempts to simulate the economy and consumer. This could easily play out over the next six-to-eighteen months, or possibly...

14May5:05 pmEST

Stock Market Recap 05/14/20 {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...

14May11:17 amEST

The Scene of Many a Controversy

If you know your Wall Street history then you know that there have been many controversies over time with respect to various speculators attempting to "corner the market" in the precious metal with industrial utility, otherwise known as silver. But we can go through history lessons such as "Silver Thursday," another time. Ironically, though, on...

13May3:49 pmEST

Gold Distinctions 05/13/20 {Video}

In the following video, we analyze some distinctions in gold between the selloff in equities now versus early-March. Is the market looking ahead to more Fed/government ignited inflation? I hope you find the video instructive.

13May11:08 amEST

Jerome, How Could You?

Fed Chair Jerome "Jay" Powell warned of a sustained, deep recession this morning, and explicitly said, "Almost 40% of those in households making less than $40,000 a year lost a job in March." This sort of dour outlook from the Fed Chair seems at odds with the manner in which The Fed has tried to whisper sweet nothings and offer romantic...

12May4:27 pmEST

Stock Market Recap 05/12/20 {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...

12May11:33 amEST

Don't Discount Summer Seasonality

There is enough nuance to seasonality data these days for any of us to cherry-pick a given chart to support a predetermined thesis, especially considering this is a general election year for a President seeking a second term in office amid a once-in-a-century type of pandemic. One of the most ubiquitous Wall Street axioms, for example, is "Sell...

11May3:31 pmEST

Bread and Circuses...and Biotech

“Give them bread and circuses and they will never revolt.” — Ancient Roman poet, Juvenal The various entertainment in, say, the Roman Colosseum, was seen as the "bread and circuses" to keep the population of Rome rather happy and docile, staving off revolt during tough times. In the current market and economic landscape, perhaps The Fed is...

11May11:45 amEST

Pricing in the Unpriceable

If we had had social media back in 1929-1932, it would have been fascinating to see how the post-October 1929 crash price action and policy decisions would have been met. Not long after the crash, history seems to overlook that both The Fed and President Herbert Hoover took considerable action to try to stem the tide of unemployment as well as...