Entries by Gary Kaltbaum

CONTINUED CHANGES

Last week, we wrote and stated several times that inflation was peaking but also inflation was peaking because it has flushed out severe weakening of the economy. It is continuing to happen and happening in a big way. We saw it with our channel checks but more importantly, saw it in price movements. Back in […]

THE INFLATION PEAK! FOR NOW!

We wanted to repeat our thoughts from June 17. FOR NOW, WE BELIEVE INFLATION HAS PEAKED! For now, we believe inflation is in the midst of peaking BUT FROM VERY HIGH LEVELS. This is not saying much considering how high inflation is but any price drop, especially energy is of import. OIL stocks have topped also. […]

A NEW WEEK NOTES

From Friday morning: At this juncture, a counter-trend rally/bounce would be as normal as  the 90 degree+ days we are having in Florida this week. BUT KEEP IN MIND, and to repeat, a rally/bounce at this juncture would not change the main trend/big picture and is coming out of severe weakness. Coming into today, this […]