Dow falls on fears the Fed will over tighten

Market fears the Fed will over tighten

Always needing an excuse for any given daily move, the MSfM serves up investors’ Fed tightening fears this morning You can click the image of a pensive trader staring intently at his flashing green and red numbers and charts to read whatever the article has to say. As it happens, the fear of Fed over tightening is traditionally a valid one as the 2 year … Continue reading Market fears the Fed will over tighten

Cathie Wood and the ARKK ETF

The stock market; where unrealistic dreams go to die

Cathie Wood’s ARKK ETF unwinds its epic bubble The smartest woman in the room continues to spout deflationary slogans and buy her fallen angels (I just saw a blurb that she’s buying more Tesla; ref. its downside target per this December 22 post) with the idea that inflation has been bad for her overvalued growth stuff, which it has. But thus far the decline in … Continue reading The stock market; where unrealistic dreams go to die

2 bright spots

As the markets react to lagging data, a couple of personal bright spots My brain look tends to look forward but the market’s brain all too often seems to be looking back. Think about all the predictable news-chasing the machines have consistently done in 2022. There may be individual strategists approaching this market with intelligence, but who (and what) ever make up the balance of … Continue reading 2 bright spots

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What about Goldilocks? These stocks are in bottoming postures

With all the talk of commodities lately, let’s not forget Growth/Tech The inflation trades were due for an oversold bounce (at least). But before I started buying back some commodity related stuff and in line with the drop in inflation expectations and hence, yields, I added some Goldilocks items (Tech/Growth) and others that tend to do better when yields are easing (e.g. Biotech). Here are … Continue reading What about Goldilocks? These stocks are in bottoming postures

‘Anti’ markets

These daily charts are flipped over to a view that is ‘anti’ their normal selves I have often referred to the improbably bullish (to many; NFTRH has tracked and respected the bullish dollar for a year now) US dollar as an anti-market, the liquidity collector from the global liquidity-driven and speculative mess created by the Fed and its fellows. But here is a look at … Continue reading ‘Anti’ markets

Gold vs. Cyclical Asset Markets

Gold vs. risk ‘on’, cyclical items For you sports fans keeping track at home, here is the current view of gold vs. the (much) more cyclical stuff using GLD and various ETFs representing the other markets. It’s a daily chart and you can see gold’s intermediate trend by the SMA 50. For “best of breed” top down analysis of all major markets, subscribe to NFTRH … Continue reading Gold vs. Cyclical Asset Markets

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Final rally for stocks, commodities to top, and a final down leg for gold?

A macro view for stocks, commodities and gold The article’s title is one man asking one question among several I could be asking, given the volatility of macro indicators on a day to day, week to week basis. But as FOMC rides off into the sunset it is the scenario that I think is most probable, given the current state of some indicators we follow. … Continue reading Final rally for stocks, commodities to top, and a final down leg for gold?

Beyond Gold Buggery; Sectors Reviewed

A brief sector review While I hold a special place (in my thoughts and in NFTRH) for the gold stock sector due to its counter-cyclical nature, it’s a big market out there and a strategic view of the macro helps with successful positioning. Following is a snapshot of some sectors/markets with general thoughts on each. I will provide one chart or graphic for each but … Continue reading Beyond Gold Buggery; Sectors Reviewed

FOMO

NFTRH 679’s page 1 screenshot noted there might be a buy the (tapering) news situation, and here it is. Among some strange bedfellows at least, with Tech, broad SPY and Semis along with gold stocks liking it and commodities and USD not so much. At least according to this in-day episode of Machines Gone Wild. Tune in tomorrow for another episode and we’ll see where … Continue reading FOMO

Cathie Wood conjures ghosts of yore

Cathie Wood calls for a drop in oil prices And well, at least she’s got the seasonal average on her side. Ugh, if the seasonal stays true to its 30 year average, the decline begins almost literally today. Ah, but all due caveats about the inaccuracies of seasonal averages in any given year. From Sentimentrader:   But back to Ms. Wood. Maybe it has to … Continue reading Cathie Wood conjures ghosts of yore