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….
SOURCE: https://www.spreaker.com/user/10863617/ie-06-21-22
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….
