Category Posts

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...

Feb 52 min read

China Crash

This is a special report on China... Last night, Chinese markets imploded at the open but then the PBOC Politburo stepped in to save the...

Feb 34 min read

Bank Run 2024

One year ago, Powell shocked markets by stating that the Fed was not planning to pause rate hikes any time soon. Heading into the Jan/Feb...

Feb 21 min read

Closing Market Report: Feb. 2nd, 2024

Wowza. As I wrote earlier today, the manic Tech melt-up went into overdrive, despite collapsed rate cut expectations. It appears that...

Feb 22 min read

The Final Rotation

What follows is a summary of this week's events. The much anticipated FOMC meeting came and went and the Fed was every bit as hawkish as...

Feb 11 min read

Closing Market Report: Feb. 1st, 2024

80 S&P points down yesterday and 60 points up today. One could argue volatility has returned to the market. Today, shorts were covering...

Feb 13 min read

Monetary Illusion X.0

Ten years ago hedge fund manager Hugh Hendry wrote in his annual letter that central banks have given rise to a new form of investing...

Feb 12 min read

Morning Market Report: Feb. 1st, 2024

Overnight futures are bouncing back from yesterday's drubbing. At this point, the futures market is no longer a reliable indicator of...

Jan 311 min read

Closing Market Report: Jan. 31st, 2024

Today was the biggest down day of 2024. The market closed at the lows of the day. As was somehow totally unexpected by markets, the...

Jan 311 min read

Morning Market Report: Jan. 31st, 2024

FOMC decision day. The Fed is expected to hold short-term rates steady. The key to the meeting will be any clue as to the timing of rate...

Jan 301 min read

Closing Market Report: Jan. 30th, 2024

The market closed flat today, however for a change the Dow was firmly green while big Tech was firmly red. After hours, Microsoft beat...

Jan 302 min read

Morning Market Report: Jan. 30th, 2024

Today is FOMC meeting day one. The stock of the day is Super Micro Computer. The new Nvidia we are to believe. As a reminder, today after...