A helping hand…

It is difficult in the midst of panic and loss to think about others, but I know a lot of people are doing just that. I am too. There are…

Comments Off on A helping hand…

Trump Impeached! [w/ edit]

[edit] As with all these posts that include politics this one seems to have stirred something up that I did not intend. If you think for one minute that I…

Comments Off on Trump Impeached! [w/ edit]

Mises Goes Mainstream, Calls Bull

I don't mind telling you that I tend to tune everybody out in favor of the market. That includes mainstream Wall Street types, perma-bulls, perma-bears, speed freaks & momos, doom…

Comments Off on Mises Goes Mainstream, Calls Bull

Payrolls +266k, the Details…

You can click this graphic for the detailed November Payrolls report from BLS. Here is where the heavy lifting came from. There is the usual onslaught of services jobs relative…

Comments Off on Payrolls +266k, the Details…

ISM Continues to Fade

Here is the full ISM Report on Business if you'd like to check it out. Here are the concerning items I've marked up... Here are what some respondents have to…

Comments Off on ISM Continues to Fade

Philly Fed Bumps Up, With a Cost-Push Inflation Hint

It's just one region, but the Philly Fed's Manufacturing survey bumped up in its most recent reading. The thing I find most interesting is the expectation that manufacturers will be…

Comments Off on Philly Fed Bumps Up, With a Cost-Push Inflation Hint

Semi Sector Leads, Laggards Lag

The graphic shows you that the media have now, months later, caught up to the story. As we have been noting all year, Semi leads and Semi Equipment and Materials…

Comments Off on Semi Sector Leads, Laggards Lag

Semiconductor Leadership Has 1 Year Birthday

NFTRH has tracked the intact leadership chain for the US stock market for all of 2019 and indeed since Q4 2018, with the front end (SOX/NDX) and the back end…

Comments Off on Semiconductor Leadership Has 1 Year Birthday

Updated Inflation/Reflation Pictures

A look at a few of the macro indicators to what is ahead regarding the inflation/deflation (or damn her, Goldilocks)* view... The Continuum (30yr bond yield, monthly chart) still resides…

Comments Off on Updated Inflation/Reflation Pictures

It’s a Pig

A little biased, non-analytical editorializing from the intro to this week's edition of Notes From the Rabbit Hole, NFTRH 573, before we got into the actual weekly work... It's a…

Comments Off on It’s a Pig

Jobs +136,000 as the Good Ship Lollipop Sails On

According to those seers who are paid to usually be wrong, NFP would show +145,000 jobs after a fairly weak 130,000 last month. The employment situation is flat-lining. You can…

Comments Off on Jobs +136,000 as the Good Ship Lollipop Sails On

ISM Breakdown

I guess the post's title could be taken a couple of different ways. But let's play it straight and break down the report from my former sector of the economy.…

Comments Off on ISM Breakdown

Market Management 101: Balance

I cannot profess to tell others how to effectively manage their accounts because I am a lowly participant who is learning all the time. The truth is that 2019's learning…

Comments Off on Market Management 101: Balance