Of course we are going into a recession. Just as we mentioned late last year that rate hikes were on the verge of occurring, we’ve been quite certain a…
Thursday, December 9, 2021 Published irregularly, as conditions dictate. CPI is tomorrow, the consensus is we will go from 6.2% YoY to 6.8-9%. A number…
Despite the past two days, little in the underlying data has changed. Even today, we still had over 4% new lows, and the daily range of the S&P, 20-day…
10% or more on any day this week
First on that CPI print Thursday. Inflation appears to be nowhere near going away any time soon. Here is the S&P (black), full CPI (blue), and the NY…
I've never seen markets looking sicker than they do right now. Especially with what's going on in credit and breadth. I think we're going down to about…
No reason to believe in a interim bottom is in
Outlook for 2022
But it is still a bear market
The monstrous drop I and others have been expecting may be delayed yet-again
Im as surprised as anyone, but here we go
No doubt, the viciousness of this (bear market) rally has caught me by surprise. I’m not going to sugarcoat or make excuses - I was wrong! Upward…