Category Posts

Feb 282 min read

The Casino Is On Fire

This is a special report ahead of the PCE inflation report tomorrow (Thursday). The animal spirits are running hot right now ahead of the...

Feb 273 min read

The Casinofication of Markets

Over the weekend Warren Buffett remarked that markets were increasingly resembling a casino. He came up with several different plausible...

Feb 262 min read

Fed Policy Error Update

It was a boring day on the markets so I was perusing some of my Fed (FRED) database charts and noticed that consumer delinquencies have...

Feb 253 min read

Buy And Hold Is Dead

It died a long time ago. No one seemed to notice. Certainly no investment advisors. Late Friday, Warren Buffett's Berkshire Hathaway...

Feb 223 min read

Artificial Intelligence. Strong Buy.

This is the weekly market summary for the week ending February 23rd, 2024. Last week I wrote about the AI Supernova. That rally peaked on...

Feb 191 min read

Global Market Review

With the U.S. closed, let's take a look at what's going on around the world. First, the European Composite (weekly) hedged in Euro terms:...

Feb 194 min read

Housing Pandemonium

This article is a follow-up to my first post on the housing market. In the last article I showed the long-term home price index for the...

Feb 163 min read

AI Supernova

This is the weekly market report for the week ending February 16th, 2024. It's been a crazy week. Hard to believe but the AI melt-up that...

Feb 94 min read

The End Of The Hype Cycle

This is the weekly market report for week ending February 9th, 2024. My overall hypothesis is that extreme asset inflation is obscuring...

Feb 71 min read

Icarus Rally

This is the end of day market report for February 7th, 2024: Robo market continued higher today as the magical 5,000 level on the S&P 500...

Feb 63 min read

The Trump Rally

For almost the past 24 hours, Zerohedge has had as their lead story the idea that Trump's election is a lock and Wall Street is now going...

Feb 52 min read

Artificial Intelligence: The Last Bubble

This morning, Goldman Sachs upgraded Nvidia to what I call "Strong Ponzi Scheme". Looking back, I think we will realize this was the apex...