By Graham Summers, MBA The markets have reached a new level of stupidity. Stocks are exploding higher based on inflation coming in at 7.1% Year over Year. This is apparently…
By Graham Summers, MBA Stocks lost their 200-day moving average (DMA) yesterday. This is a major development, because it indicates that the bulls could not get the S&P 500 to…
By Graham Summers, MBA As I noted yesterday, the bond market is telling us that a recession is just around the corner. By quick way of review, the U.S. treasury…
By Graham Summers, MBA It’s all trader games today. The stock market is closed tomorrow for Thanksgiving. It will also close early on Friday November 25th at 1PM. As one…
By Graham Summers, MBA The consumer is tapping “out.” Ever since inflation entered the financial system is early 2021, there has been a debate as to when the higher cost…
By Graham Summers, MBA Last week, I warned you not to trust the positive economic data being put out concerning the U.S. economy. The reasons for my warning were simple: the…
By Graham Summers, MBA Yesterday I asked, “is the Fed about to hit the PANIC! button like the Bank of England?” The markets certainly acted like it: stocks, Treasuries, oil,…
By Graham Summers, MBA Yesterday I asked, “is the Fed about to hit the PANIC! button like the Bank of England?” The markets certainly acted like it: stocks, Treasuries, oil,…
Two weeks ago, the new government in the U.K. introduced a series of major tax cuts aimed at stimulating the economy. Tax cuts mean less tax revenues, which in turn…
Amazon is currently running a special on my best-selling book, The Everything Bubble…it’s 25% off on paperback and 85% off the Kindle version. So if you’ve yet to pick up a…
By Graham Summers, MBA Treasury bond yields are rising again. And this is really bad news for stocks. Why? Because these bonds are the bedrock of our current financial system. They are…
By Graham Summers, MBA As I mentioned on Monday, the Great Currency Wars have begun. Japan is about to intervene directly in their currency markets. And why wouldn’t they… Japan…
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…
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;…
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…
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…
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…
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…
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…
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…
