By Graham Summers, MBA The fate of the stock market is in the hands of Treasury Secretary Janet Yellen this week. Every quarter the Treasury announces its financing needs via…
By Graham Summers, MBA Japan is slowing losing control of its bond market. The Bank of Japan (BoJ) is currently engaged in an open-ended Quantitative Easing (QE) program. In its…
By Graham Summers, MBA “Someone” saved stocks yesterday. The day started with the S&P 500 breaking below: 1) The 200-DMA (red line in the chart below). 2) The October lows…
By Graham Summers, MBA The yield on the 10-Year U.S. Treasury is about to break 5%. As the below chart illustrates, this is a major level. Once we take it…
By Graham Summers, MBA The yield on the 2-Year U.S. Treasury hit a new high yesterday. Why does this matter? Because… 1) It indicates the Fed’s fight to tame inflation…
By Graham Summers, MBA The yield on the all-important 10-Year U.S. Treasury is spiking again. As I write this, it’s about to take out its former highs. There are no…
By Graham Summers, MBA As I noted yesterday, the great debt crisis of out lifetimes is approaching. The U.S. is now adding debt at an exponential rate. The U.S. racked…
By Graham Summers, MBA The great debt crisis of out lifetimes is approaching. The U.S. has now reached the point at which it is adding debt at an exponential rate.…
By Graham Summers, MBA War has broken out in the Middle East. As usual, everyone is attempting to have an “expert” take on this situation. The reality is that less…
By Graham Summers, MBA Try as they might, the bears simply couldn’t get it done last week. The S&P 500 spent a few days chopping around its 200-day moving average…
By Graham Summers, MBA Bonds finally bounced yesterday. However, the bounce was relatively weak and didn’t signal the “all clear.” Simply put, things stabilized. But they didn’t actually improve much.…
By Graham Summers, MBA Everyone is applauding the short-term deal to keep the government open for another 45 days. Well, everyone except the bond market, that is. The bond market,…
By Graham Summers, MBA Stocks broke down badly over the last two days. The line in then sand for the S&P 500 was 4,460. Stocks broke through it on Friday.…
By Graham Summers, MBA The Fed didn’t raise rates yesterday. What it did do was update its projected dot plot for where Fed officials expect rates to be in 2024…
By Graham Summers, MBA The most important bond in the world has just broken to a new low. Our financial system is backed by debt, specifically, U.S. Government debt or…
By Graham Summers, MBA The Great Debt Crisis of our lifetimes is approaching. As S&P Global recently noted, global debt has just hit $300 TRILLION for the first time in…
By Graham Summers, MBA Inflation is back. While mainstream economists prance around on television claiming that inflation has been defeated, the real data suggests otherwise. It’s a well known “secret”…
By Graham Summers, MBA As I noted a few weeks ago, inflation likely bottomed in July. By quick way of review, the official inflation metric, the Consumer Price Index or…
By Graham Summers, MBA Nearly every market collapse follows a particular pattern. That pattern? 1) Stocks break down below a critical level of support. 2) Stocks rally to “kiss” this…
By Graham Summers, MBA Last week, I noted that the Bureau of Labor Statistics (BLS) and other government agencies have been engaging in a strange scheme. That scheme? Releasing economic…
