Retest of Friday lows is all that matters. If XLK dips below, there is no way I’m adding long until SMA50 test plays out (red line on chart).
Well, that’s interesting. Inflation continues to surprise to the upside, but consumers continue to brush it off. Two things will likely play out here – either the consumer is able to spend their way outRead more
I’ve added to safety in the form of Series I Savings Bonds. As one who continues to believe a recession is coming in early 2023, most of my focus is on capital preservation and opportunitiesRead more
The equities market continued its bad-news-is-good-news rally last week and gave hope to the longs that the bottom might be in. Yeah, not so fast. Although the recent strong move to the upside felt goodRead more
Damn. The U.S. economy remains strong and despite the constant complaining, consumers are still spending too much and remain employed (for now). Gas prices have retreated significantly off their highs (Fed doesn’t affect this), houseRead more
I have no idea where the market goes from here. It’s impossible to ignore inflation and the already slowing growth environment. On one hand, the employment numbers are still strong and corporate earnings expectations haven’tRead more
Well, that’s interesting. Inflation continues to surprise to the upside, but consumers
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