Over the last few weeks, I’ve been outlining the clear evidence that stocks are in a bubble, arguably the largest stock market bubble of all time. In truth, however, it’s…
By Graham Summers, MBA The market has rallied aggressively on the belief that a Debt Ceiling deal will be made. Celebrating a Debt Ceiling deal is like polishing the brass…
Pop quiz time… what is the single best investment opportunity on the planet right now? Bitcoin? Penny stocks? Tech? Try Energy. The “left for dead” sector is absolutely on fire…
Stocks are now on the edge of a cliff. The S&P 500 broke below its 50-DMA two weeks ago. It has since failed to reclaim this line. That is the…
Stocks are now on the edge of a cliff. The S&P 500 broke below its 50-DMA two weeks ago. It has since failed to reclaim this line. That is the…
Stocks ended the month with an extremely ugly candle. As the below chart shows, September ended outside the range of August (purple circle in the chart below). Historically, these developments…
Today is also the second to last day of the week, which means we are about to see a new weekly candle on the charts. If the markets do not…
The markets are bouncing today, but nothing has been resolved. The technical damage from the last few weeks has been horrific. The two most heavily weighted sectors in the S&P…
The Fed continues to push the narrative that inflation is transitory. On one level, Fed officials are correct. Everything is transitory. But the Fed isn’t being philosophical here…it’s attempting to argue that they…
The biggest development last week was the breakout in the 10-year U.S. Treasury. The 10-year US Treasury is arguably the single most important bond in the world. The yield on…
By Graham Summers, MBA Was it a dead cat bounce… or something else? On Monday, the markets were melting down due to fears of contagion from Evergrande, China’s second largest…
By Graham Summers, MBA The markets have rallied hard on news of a potential Evergrande debt payment. In case you’ve missed this story, Evergrande is a massive property developer in…
All eyes are on the Fed today. The Fed is expected to announce its tapering schedule for its current $120 billion per month Quantitative Easing (QE) program. The Fed has…
Stocks got creamed yesterday, but thanks to late day manipulation, they ended up well off the bottom. From a purely technical perspective, the S&P 500 has broken below its 50-day…
The market is a sea of red this morning. The issue at hand is China’s massive Evergrande property developer. The company is effectively insolvent, with over $300 billion in bad…
Yesterday, I outlined a terrible secret. That secret? That the Fed knows the official inflation measure, the Consumer Price Index (CPI) is practically useless for forecasting future inflation. In a little-known paper published…
Yesterday I explained how the official inflation statistic used by policymakers, the Consumer Price Index or CPI, is practically useless. I realize this is quite controversial. After all, everyone on…
The government bean counters are working overtime to hide inflation. Yesterday’s Consumer Price Index (CPI) number would be hilarious if it wasn’t so damaging to Americans. According to the Bureau…
The government bean counters are working overtime to hide inflation. Yesterday’s Consumer Price Index (CPI) number would be hilarious if it wasn’t so damaging to Americans. According to the Bureau…
Yesterday, I explained why I believe we are due for a period of below average stock market returns. By quick way of review: Inflation is roaring higher. Official inflation measures…
