The gaming of economic data continues in the US. On Friday it was announced that consumer confidence hit its highest level in nearly six years. Indeed, the last time we…
Stocks are on the edge of a cliff. As you can see, the S&P 500 has failed to breakout to the upside and is now sitting on support. If we…
Is it time to buy Gold miners? The precious metals mining sector was slammed with Gold’s sharp drop in prices in April. Mining companies are more “pie in the sky”…
A few weeks ago, we noted that stocks looked to be posting a false breakout. A false breakout occurs when the market breaks out of a technical formation in one…
The following is an excerpt from a recent issue of Private Wealth Advisory. We are now seeing clear signs that the US is moving back towards a recessionary territory. The…
The Fed would do well to look at Japan. Japan’s Nikkei, after rallying over 70% since November, just collapsed 11% in less than two days. Looking at the chart, it’s…
Japan’s bond market is officially losing control. We have definitely taken out the multi-year trendline here, making a new high higher after a higher low. This is BAD news as…
Just what is the Fed so scared of? Today, the Fed’s favorite reporter, Jon Hilsenrath at the Wall Street Journal published an article completely refuting his own work from just…
Two big events have occurred/ are occurring. 1) Chicago Fed President, Charles Evans who is one of the biggest pushers for QE, stated that the Fed has “the appropriate monetary…
Japan has fueled much of this latest rally in stocks, driving the marketing first with promises of money printing by the Prime Minister in November 2012, and then a massive…
If you want to get a sense of what’s happening in the world, your best bet is to ignore Government data and focus on corporate revenues. Why revenues? Because earnings…
Bill Gross, who manages the world’s largest bond fund, has indicated that the 30+ year old super cycle bull market in bonds has ended. This is very bad news for…
The stock market is completely and totally out of control. Eight of the last ten closes have been new record highs. It’s now been six months since we had a…
The markets are rallying because today is Tuesday. Stocks have rallied every Tuesday for the last 17 weeks and traders are now conditioned to play for this move. It’s also…
After the market’s close on Friday, Jon Hilsenrath at the Wall Street Journal released an article implying that the Fed might remove or reduce its QE programs before the year…
Japan should serve as a lesson to central planners around the world. Japan’s stock market/ real estate bubble burst in the early ‘90s. Since that time Japan has launched NINE…
Stocks are officially in a blow-off top. This is the culmination of Bernanke’s life’s work. In his mind he has succeeded in saving capitalism by spending trillions of Dollars pushing…
Stocks are now beyond overbought. The market ramped on Tuesday (the 17th straight Tuesday rally by the way) because traders are now playing for Tuesday rallies. The financial media is…
The market is beyond overstretched at this point on a short-term, intermediate term, and long-term basis. The sheer number of warning signals is staggering. The blow off top out of…
The media is jumping for joy over last week’s US jobs numbers. But beneath the veneer of headline numbers lies a truly horrible economic reality. Let’s have a look at…
