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