Category Posts

24 hours ago2 min read

A Banquet of Consequences

"Sooner or later everyone sits down to a banquet of consequences" Denial has officially moved past the "This is not happening" phase to...

5 days ago2 min read

The technical definition of a bear market is -20%, however it appears that confirmation of bear market will arrive around the same time...

Dec 30, 20242 min read

So far, the most highly anticipated Santa Rally in world history is heading in the wrong direction. Chalk that up to lessons in Ponzi...

Dec 26, 20242 min read

The year is basically over and Wall Street "won". The usual bagholders have gone all in and now the annual Wall Street bonus is off the...

Dec 20, 20242 min read

This week the Fed tanked markets with a hawkish pivot off of a universally expected and yet totally unwarranted rate cut. As I said on...

Dec 16, 20242 min read

The seminal week begins... On Thursday last week Trump was named Time's Person Of The Year and he rang the opening bell at the NYSE. Two...

Dec 6, 20243 min read

There are rarely times in markets when one can say with absolute conviction that this is going to end extraordinarily badly, with 100%...

Dec 4, 20242 min read

Cycle overbought stock market Record leveraged speculation Record U.S. stock inflows Global Trade War / EM currency implosion Fed / BOJ...

Nov 29, 20242 min read

For those who don't recall the etymology of "Black Friday", historically it was the day of the year when retailers finally turned a...

Nov 24, 20243 min read

The exact same data points that bulls are calling bullish, I call bearish. We've reached the point at which the bull case and the bear...

Nov 20, 20243 min read

Where to begin. A duct taped banana just sold for $6.2 million at auction: "At one point another artist took the banana off the wall and...

Nov 17, 20243 min read

In my last blog post last Tuesday I posited that we may have seen the last rate cut for this cycle - That the combination of fiscal...