Here’s a chart your broker won’t show you. The entire move in the S&P 500 since the November 8 election has been driven by the move in the $USD/Yen pair.…
The market is about to wake up to something bad. That something is the fact that the $USD’s strength is going to crush corporate profits in 1Q17. You see, companies…
The 2008 Crash was caused by the unregulated derivatives markets. And if you think that problem has been fixed, you’re mistaken. Consider Deutsche Bank (DB). DB sits atop the largest…
The “recovery” is over, at least as far as retail is concerned. The retail ETF (XRT) has taken out its bull market trendline dating back to the 2009 bottom. Even…
I don’t trust this rally. Few analysts realize that the sharpest, most aggressive rallies occur during bear markets. The reason for this is that during bear markets, investors tend to…
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th…
The Central Banks are getting desperate. The interventions are so obvious now you’d have to be on drugs not so notice them. On Monday afternoon, at 3PM “someone” stepped in…
Stocks are rallying this morning. They are not rallying because of a change in fundamentals. They are not rallying because of a significant debt restructuring. They are not rallying because…
Last year we predicted that the world had reached peak centralization and that going forward things would begin to fracture. What is centralization? Centralization is the process by which the…
Last week a Central Banker made the most incredible admission in the history of banking. It came from the Bank of Japan. The Bank of Japan has been the leader…
Stocks will likely rally this week for the simple reason that it is options expiration week. The Fed almost always gives Wall Street extra money to play around with…
Stocks are rallying into the open. However, the technical damage of the last week has been severe. The S&P 500 crashed through its trendline (blue line). It also crashed through…
Happy New Year! Last year (2015) likely will represent the top for the bull market that began in 2009. Stocks finished the year down, representing the first down year since…
The world is lurching towards another Crash. Japan, which has been ground zero for Keynesian insanity, is back in technical recession. This comes after the Bank of Japan launched the…
One of the most frustrating aspects of today’s financial system is the fact that the Fed is being lead by lifelong academics with no real world banking or business experience.…
Central Bankers are flummoxed. Having cut interest rates over 600 times since 2009 (and printed over $15 trillion), they’ve yet to generate the expected economic growth. Despite these failures, the…
Central Banks are beginning to lose control. Indeed, despite recent promises to do more by the Bank of Japan, the Nikkei is rapidly losing momentum. In Europe, the situation is…
Yesterday, the Fed has hiked interest rates from 0.25% to 0.5%. It is the first rate hike in 10 years. And it is now clear that the Fed is not…
Since 2009, the global markets have been largely steered by Central Bank policy, NOT organic economic growth. With the debt-based monetary system dangerously close to shutting down during the 2008…
The global bond bubble has begun bursting. This process will not be fast by any means. Central Banks and the political elite will fight tooth and nail to maintain the…
