The following is the opening segment of the May 14th edition of Notes From the Rabbit Hole… Since the Trump victory we have heard all about the coming fiscal policies that would replace the non-stop and brilliantly evil* monetary policies employed by the Fed since the 2008 market crash. These fiscal policies range from the hair-brained (rust belt factory job repatriation) to the silly (building … Continue reading Tax Reform and the ‘Repatriation’ Trade
Okay, a giant Vampire Squid is probably not aware of a tiny little plankton-like organism in the waters in which it swims, but our target for the S&P 500 has for months been 2410, based on the chart below. Their target is 2400. Where we part ways is their corrective downside target of 2300 (which, humorously, is a future all-time high yet to be registered). … Continue reading Goldman Reads NFTRH!