Author Archives: The Phoenix

By Graham Summers, MBA As I stated yesterday, the great crisis of our lifetimes… the crisis to which 2008 was just the warm-up… is here. What is happening? Inflation. For decades central bankers argued that inflation was good while deflation was bad. … Continue reading →

By Graham Summers, MBA The single most important asset in the world is the $USD. The $USD is the reserve currency of the world. It is involved in ~95% of all currency transactions globally. Moreover, it is used in 85% … Continue reading →

By Graham Summers, MBA As I noted yesterday, Japan has unleashed the next wave of inflation. By quick way of review: 1) Japan’s central bank, the Bank of Japan or BoJ, is the only major central bank that is still … Continue reading →

By Graham Summers, MBA The Fed’s worst nightmare has arrived. That nightmare? Sticky inflation in the form of a wage spiral. Inflation doesn’t enter the financial system all at once; it arrives in stages. Those stages are: Stage 1: Price … Continue reading →

By Graham Summers, MBA As I warned yesterday, the next crisis is just around the corner. By quick way of review… 1) The Fed takes its cues on where rates need to be from the yield on the 2-Year U.S. … Continue reading →

By Graham Summers, MBA Are you ready for the next crisis? You better be… because the Fed is losing control of inflation and the bond market… again. Historically, the Fed has taken its cues on where rates should be based … Continue reading →

By Graham Summers, MBA Judging from last week, the bear market rally ended right at the 200-day moving average (DMA) for the S&P 500. This was right where market leaders such as Tesla (TSLA) had suggested we’d see a top. … Continue reading →

Yesterday we put this recent stock market rally in the context of historical bear market rallies. By quick way of review. It is extremely common for stocks to rally, and sometimes by quite a lot and for as long as … Continue reading →

On Friday I outlined the technical setup for the stock market’s current bear market rally. By quick way of review… The price action in 2022 had been extremely bearish with 12 out of the previous 15 weeks closing down as … Continue reading →

By Graham Summers, MBA Let’s consider this latest stock market rally. First and foremost, the price action for stocks in 2022 had been EXTREMELY bearish. The S&P 500 experienced EIGHT consecutive down weeks from late March until mid-May of 2022. … Continue reading →

By Graham Summers, MBA July’s jobs numbers were amazing. And this is great news! Or it would be… if the jobs numbers were remotely accurate. According to the headlines, the U.S. added 528,000 jobs last month. Unfortunately, most if not all … Continue reading →

By Graham Summers, MBA As I noted in yesterday’s article, if you want to make real money from the markets, you need to ignore what the Fed is saying and focus on price. By quick way of review, the Fed … Continue reading →

By Graham Summers, MBA Stocks soared higher on Friday because a Fed official suggested they might not have to tighten rates as rapidly as before. Yes, you read that correctly… the Fed will still have to tighten (and tighten a … Continue reading →

By Graham Summers, MBA The financial system is now screaming “RECESSION!” The yield curve is perhaps the single best predictor of recessions in the world. If you’re unfamiliar with how the yield curve works works, in broad terms, there are … Continue reading →

By Graham Summers, MBA Many investors have been getting crushed by the collapse in the inflation trade. By quick way of review, throughout 2021 and the first quarter of 2022, inflation-based investments dramatically outperformed the broader market. In particular, Energy … Continue reading →

By Graham Summers, MBA Yesterday, I revealed some disturbing news. That news? That the economy is already in recession. It’s not a matter of a recession arriving soon… a recession is already here. By quick way of review… 1) Copper, … Continue reading →