By Graham Summers, MBA One of the hallmarks of the Biden Presidency is that economic data is released that looks fantastic at first glance… only to then be revised much…
By Graham Summers, MBA Everything hinges on bonds today. If longer duration Treasury yields continue to drop, then stocks will find a bottom of sorts. But if Treasury yields continue…
By Graham Summers, MBA Ever since the U.S. abandoned the Gold Standard in 1971, U.S. debt, also called Treasuries have become the bedrock of our financial system. Put in the…
By Graham Summers, MBA Tech looks due for a bounce. The Tech ETF (XLK) is at major support at $166. Even if this is not THE low, it’s a decent…
By Graham Summers, MBA Nothing has changed in the U.S. in the last month. The primary framework for investing in the U.S. is as follows: 1) The stock market is…
By Graham Summers, MBA Everything changed for the financial system in March 2023. What happened then? The Fed and the Treasury implemented a backdoor bailout of the banking system. If…
By Graham Summers, MBA The Fed has raised interest rates from 0.25% to 5.25% in the span of 16 months. And yet…inflation has yet to disappear in any significant fashion.…
By Graham Summers, MBA Yesterday, I noted that inflation has very likely bottomed for 2023. No one in the media is discussing this, but the only parts of the inflation…
By Graham Summers, MBA Inflation has very likely bottomed for 2023. The inflation data published in the U.S. is based on year over year comparisons. When the Consumer Price Index…
By Graham Summers, MBA The $USD is breaking down… in a big way. The greenback peaked in October 2022. After plunging some 11% from October 2022 to January 2023, the…
By Graham Summers, MBA We continue to receive signals that the U.S. is an emerging market. One of the hallmarks of emerging markets, particularly banana republics, is that politically connected…
By Graham Summers, MBA As I keep emphasizing, the U.S. is becoming an emerging market. Two of the hallmarks of emerging markets are a weak domestic currency and higher inflation.…
By Graham Summers, MBA Yesterday’s article caused quite a stir. If you missed it, my main point was this: the U.S. is now an emerging market. And it’s getting downright…
By Graham Summers, MBA Last week I noted that the U.S. is becoming an emerging market. By quick way of review: 1) Many of the most important institutions in the…
By Graham Summers, MBA As I’ve noted in our last two articles, the $USD has begun a significant decline against most major currencies (the Euro, the Pound and the Franc).…
By Graham Summers, MBA As I’ve noted in our last two articles, the $USD has begun a significant decline against most major currencies (the Euro, the Pound and the Franc).…
By Graham Summers, MBA Last week I outlined a major development in the currency markets. That development? That the U.S. dollar has begun to decline against nearly every major currency…
By Graham Summers, MBA Something major is brewing in the currency markets. Throughout much of 2021 and 2022, the $USD rallied aggressively, rising from 90 to 112. The driving force…
By Graham Summers, MBA Trouble is brewing in the U.K. again. Back in September 2022, which now seems so long ago, the global financial system nearly entered a debt crisis. The first…
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
