By Graham Summers, MBA Thus far in 2023, there have been three major bank failures. And I do mean MAJOR: all told the three banks had $532 billion in assets. That…
By Graham Summers, MBA Japan just reported inflation of 3.5%. This is a big deal. Why? First and foremost, it’s significantly higher than expectations: 3.5% vs 3.2%. Secondly, it shows…
By Graham Summers, MBA Warren Buffett is arguably the greatest investor of all time. Unlike many of the super wealthy that existed before him (Rockefeller, Morgan, Vanderbilt, Dupont) Buffett wasn’t…
By Graham Summers, MBA It’s earnings season and options expiration week for the month of April. Both of those items have historically been extremely bullish: stocks almost always rally into…
By Graham Summers, MBA The Fed has turned off the money pump again. If you’re looking for a reason why stocks erupted higher starting in early March, look no further…
By Graham Summers, MBA A few things for us to think about… Wal-Mart (WMT) is the largest private employer in the world. It’s also one of the largest retailers in…
By Graham Summers, MBA The bond market is signaling some thing “BAD” is coming. Bond yields rose throughout late 2021-early 2023 on fears of inflation. But once Silicon Valley Bank…
By Graham Summers, MBA Investors are running a repeat of the same trading pattern we saw in 2008. That pattern? A mini-crisis in March, followed by a summer rally, and…
By Graham Summers, MBA A few charts to consider… Bitcoin… the ultimate liquidity play, has a rounded top. It is just clinging to support. Below that is nothing but air pockets down…
By Graham Summers, MBA Something doesn’t add up. The Fed and Treasury keep telling us everything is fine… but the Fed has just expanded its balance sheet by $400+ billion…
By Graham Summers, MBA Now is the time to be particularly careful in the markets. First and foremost, the banking crisis is not over. This is quite concerning, because the Fed has…
By Graham Summers, MBA Stocks are rallying today because they believe: 1) The bank crisis is over (it isn’t). 2) The Fed is back to easing (it isn’t). 3) The…
By Graham Summers, MBA The Fed begins its March FOMC meeting today. Tomorrow at 2PM EDT, the Fed will announce its policy decision for the month. And no matter what…
By Graham Summers, MBA The banking crisis has just claimed its first major victim. Thus far in this banking crisis, the banks that were in trouble have been large, but…
By Graham Summers, MBA The Fed just gave out over $300 BILLION in single week. See for yourself: the Fed’s balance sheet has erupted higher, erasing over HALF of its…
By Graham Summers, MBA Tech is finished. Ever since the Great Financial Crisis of 2008, the Fed has been primarily in an accommodative framework. For most of 2008-2023, interest rates…
By Graham Summers, MBA A major bank just went under… contagion is dragging down other similar firms… the Fed is introducing emergency measures to bailout the system. Is it 2008…
By Graham Summers, MBA Stocks are bouncing this morning on announcements that the Feds will backstop ALL of the deposits at the now bankrupt Silicon Valley Financial Group (SIVB) AKA Silicon…
By Graham Summers, MBA I warned and warned and then warned some more… that the market rally was NOT to be trusted. The next leg down in this bear market…
By Graham Summers, MBA High yield credit is turning back down again. This is a big deal as historically high yield credit leads stocks. Indeed, high yield credit bottomed in…
