Newsletter

They say here in Orlando that we have some of the greatest roller coasters in the world as Orlando does have quite the few amusement parks. But they have nothing on this market, nothing on a tweeting president, nothing on a central bank as they continue to move markets on a dime. Markets used to…

The script continues. Every time markets get in trouble, the fed starts the easy money rhetoric. If it doesn’t work a first time, try a second time. Two days ago, it was Bullard. Yesterday, it was Evans. None of this is by accident. Here is  how we believe this plays out: If markets ignore the…

If markets continue to plunge and more importantly, if yields continue to plunge, expect the fed to act imminently. There is no way they will wait 6 weeks (the next fed meeting Sept 25-26) to lower rates if this continues. As of this writing, our 10 year yield is now down to 1.64%. Fed funds…

—–And again and again and again and again.—– —–We have told you on several thousand occasions that the fed targets the market. They no longer target the economy. On June 3, at the last low of a measly 7-10% correction, Powell sent out his easy money puppet…ooops, we mean another easy money fedhead by the…

To be brief, last night, futures were down 500…now up 100…yummy. We will know a lot more as to how this bounces. The big 4 large cap indices broke below the 50 day…bringing a lot with them. Pay no attention to those who just say buy buy buy. Pay no attention to those who say…

—–Futures are down another 500 Dow points tonight as the U.S. declared China a currency manipulator, intensifying and escalating the “trade war!”—– —–If the market opens down 500, that will be almost 2,000 Dow points since the president changed his stance on tariffs. We doubt he expected this.—– —–Lael Brainard, a fedhead who happens to…