For the last few days, I’ve been explaining that markets are starting to break down. It’s been a fascinating downturn since last Thursday, February 2. Remember last week? Everyone sat in the room saying that the Federal Reserve failed to send a message to the...
The story of 2023 has been the stock market’s unwillingness to take Federal Reserve Chairman Jerome Powell at his word. Since the start of the year, the S&P 500 is up about 8.1% (which is effectively the annualized return of the market since the 1930s). Shares...
Momentum went positive on January 6. And if you followed that signal and just bought the S&P 500, and you’d be up 7% right now. Buy a broke stock trading at 10 times sales in Chargepoint (CHPT) and you’d be up 46.5%. Do you think this will end well for the people...
Dear Reader, Good news… We can’t be in a recession ever again. Our moral betters have decided it. If you see economic data clearly pointing to an economic slowdown, you’re not a “serious economist.” We now live in a world that rivals Alice in Wonderland… or even...
