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…
SOURCE: https://www.spreaker.com/user/10863617/ie-06-17-22
Just some notes on what we think is important right now: BOND YIELDS, after amazingly going from 2.7% to almost 3.5% on the 10 year in just 11 trading days, are finally pulling back. We have not seen the main trend change yet. Just a normal pullback. We think this is one of the most…
SOURCE: https://www.spreaker.com/user/10863617/ie-06-16-22
SOURCE: https://www.spreaker.com/user/10863617/ie-06-15-22
Futures up decently but one must remember, since Wednesday’s midday high, in just 4.5 days, the DOW dropped 9.1%, the S&P 10.9% and the NASDAQ 12.2%…again, IN JUST 4.5 DAYS. Just to give a price context, the DOW dropped 3,012 points. So if we get a 1,000 point rally, do not get too excited. It would…
Source: https://www.spreaker.com/user/10863617/ie-06-14-22
Last week, we stated to expect a 3/4 point move by the fed and not a 1/2 point. Looks like the fed has now leaked that 3/4 point number. We would be surprised otherwise. Unfortunately, the bond market is laughing even more at the fed as yields soared yesterday by almost that extra 1/4 point….
SOURCE: https://www.spreaker.com/user/10863617/ie-06-13-22
We think these reminders are quite appropriate at this time. This brutal bear market looks to become more apparent as the S&P closed on its closing low Friday as just about everything has turned down. We suspect you are going to hear a lot about the somewhat dormant VIX real soon as the many recognize…
