The anticipated “Goldilocks” disinflation continues and the media thinks it will last
What do you think? Do you think Contrary Cramer will finally be right about something this time?
Today the mainstream financial media are all over it. You can click the graphic to get the ‘Fed to start cutting rates…’ article at CNBC if you’d like.
Respondents see rate cuts and a soft landing in 2024. In my opinion, those two are fairly mutually exclusive. That is also the opinion * of this chart.
* Of course the chart and its producer could also be wrong. But the media stuff above argues that we are not.
Meanwhile, party on Garth, Wayne, Ma, Pa, Algo and Casino Patron alike! The seasonal rally has been expected since late October, it is here and it will either prove to be the launch pad to the happy soft landing pap the media are serving or something darker, that my chart and I are serving.
Cheers!
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Gary, the market continues to whisper in my ear, we’re going to new highs….there will be no recession… inflation is fading…your gold sucks…buy my tech stocks that never go down for long…
It is like a siren song, asking me to dash my net worth on the rocks. Thankfully sitting in cash isn’t painful anymore. But damn things take sooooo long to play out.
Frankly, I find it one part revolting, one part tawdry/predictable. But on that last note, it was at least anticipated. Wayne and Garth are partying, the seasonal is in play and gold is not yet ready to claim its place simply BECAUSE the bubble stuff is going up. Not sure if you’re a subscriber or not. But it’s all been in there.
Gary, today was a head scratcher in the miners’ patch.
Oil down significantly, with PMs unch’ed. Yet, the miners fell out of bed and didn’t get up off the floor all day.
What Gives?
“Err, the November gaps (GDX)?” says the TA in me. Seriously, I don’t know. But the miners always seem to push limits, which is why I hung on to my DUST position. That and those gaps. I noticed that a lot of inflation stuff went down today and it’s probably an easy target to say it was the inflation bugs selling. I don’t really know what gives. I do know I’ve seen this movie before and am not particularly phased by it. THE MINERS ARE NOT AND WERE NOT FULLY FUNDAMENTALLY READY YET. Not with that bubble party going on in stocks as SPX/Gold spikes. I am not yelling, lol, with those caps. Just making a point.
Yes, of course. The GDX gap just below, and maybe the one way below it. Thanks!
Goldilocks for You and You and You and You today!
Yup, and now we have more clarity on what it is that is going to drive the markets to a blow off high. Happy days are here again! The combination of stock prices, sentiment and danger indicators is stunning.