MACRO ANALYTICS – 12-07-17 – The Results of Financialization – Part IV – A Fiat Currency Failure Since the US lifted anchor on the Gold Standard in August 1971 making the US Dollar a Fiat Reserve Currency, the US economy has been propelled forward, no-longer tethered to the principles of Sound Money. Unfortunately, the reality […]
MORE CONFIRMATIONS THAT CENTRAL BANKERS ARE NOW OPERATING BEHIND THE SCENES ALSO READ: WHEN DID THE FED START BUYING EQUITIES? – INDICATIONS ARE WHEN “TAPER” ENDED! EARNING DIVERGENCE At precisely the end of the QE “TAPER” program we again witness another inflection point. This time it is the divergence of the S&P 500 from earnings as […]
WITCH’S BREW: Sentiment UP, Complacency UP – but Uncertainty Also UP (Not DOWN?) When did the distortion start occurring in the markets when increasing UNCERTAINTY can come with an increase in COMPLACENCY and SENTIMENT? The short answer is: When Wall Street and its media maven lap dogs began controlling the public narrative. I place our newly minted Twitter […]
Investors’ Intelligence Bulls at highest in almost 3 years – Bears at their lowest in almost 2 years!! These Kinds of Gaps are usually filled quickly via “Surprise Shock”! The S&P Has Now Gone 36 Days Without A 1% Intraday Move: The Longest Streak In History
THE GREAT ROTATION Democratic Senator Chuck Schumer dejectedly quipped during Fed Chairman Ben Bernanke’s Humphrey-Hawkins testimony before congress in July of 2012: “I’m afraid the Fed’s the only game in town!” Now nearly five years later things may be about to change! The other two policy pillars of Fiscal and Public Policy may be reasserting themselves with […]
WHEN DID THE FED START BUYING EQUITIES? – INDICATIONS ARE WHEN “TAPER” ENDED! We see the forensic “finger prints” all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed’s CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 […]
“War of Words” Between Fed and Trump Administration Is Now Underway! USD DOWN > BONDS UP > YIELD DOWN (Cheaper Dollar Means Bonds Cost More in $$ and the Yield is Less) WAR OF WORDS BEGINS WEAKENS $$:Trump (WSJ Interview) and Mnuchin (Confirmation Testimony) Indicate they fell Dollar is PRESENTLY too high. STRENGTHENS $$: Yellen […]
TRUMP “WOBBLE” – Post Inauguration History
