Posts Tagged ‘economic change’
It’s All About Finding Support
We can just call today’s theme SUPPORT… Because if what I’m about to show you doesn’t hold support, then the next few months could look a lot like the summer of 2008. There’s a simple way to visualize the overall direction and strength of our equity markets through the lens of just five price charts.…
Read MoreInflation Has Not Peaked Yet
Consumer Price Index (CPI) data was released yesterday and it’s a doozy. In case you missed it… the CPI climbed to 9.1%. That’s a 41-year high. Not only is inflation at a four-decade high, but the momentum with which it has happened has the Fed scrambling for answers. The increase in consumer prices in June…
Read MoreWe’re Seeing a Bid In Bonds
This will be interesting to any of you bond buyers out there… After a historic meltdown in the first half of 2022, bonds (expressed via Treasuries) are catching a bid. We can debate all day long why Treasuries are seeing strong demand, but what isn’t up for debate is price… and it’s rising. Take a…
Read MoreNow Is Not the Time to Be Greedy
With a PhD in economics, “Dr. Copper” is widely followed as an important economic barometer. Demand for Copper is known to foreshadow things to come. And in an ominous sign, Copper is breaking down. One method to visualize this breakdown is through a simple Relative Strength comparison. Check out this chart comparing the Relative Strength…
Read MoreProceed With Extreme Caution
Heavyweight boxer Mike Tyson was famous for saying, “Everyone has a plan until they get punched in the mouth.” My Question: Did Energy just get punched in the mouth? Because it sure looks that way. Until now, the Energy sector has been immune to the rout hitting the rest of the market. Energy has been…
Read MoreThe Rules Have Changed
Earlier in the week, I mentioned a very classic market pattern playing out in the equity indexes. I think it warrants a deeper review. Why? Because 2022 is not 2020, or even 2021, or virtually any other year going back a decade… Any investor still living under the illusion that we’re in the same investment…
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