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![Morning Market Report: Feb. 6th, 2024](https://static.wixstatic.com/media/3afd43_5a3c77ea13604138a53f9380bde8b387~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_5a3c77ea13604138a53f9380bde8b387~mv2.webp)
Feb 6, 20241 min read
Morning Market Report: Feb. 6th, 2024
So far the market is flat this morning. The Dow is outperforming the Nasdaq for a change. Breadth is strong on both exchanges. On the...
![The Trump Rally](https://static.wixstatic.com/media/3afd43_20dbe4e8ef2140079790ea9a7e648ada~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_20dbe4e8ef2140079790ea9a7e648ada~mv2.webp)
Feb 6, 20243 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...
![This Market Wants To Crash](https://static.wixstatic.com/media/3afd43_20b6ba5082f444e092fcad011403cd9c~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_20b6ba5082f444e092fcad011403cd9c~mv2.webp)
Feb 5, 20241 min read
This Market Wants To Crash
Today the S&P Momentum Index (ETF) reached 2020 pandemic overbought at 20% above the 200 day moving average: https://www.invesco.com/us/f...
![Artificial Intelligence: The Last Bubble](https://static.wixstatic.com/media/3afd43_6d5338d31dcc48d6bbc68249bdc1030b~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_6d5338d31dcc48d6bbc68249bdc1030b~mv2.webp)
Feb 5, 20242 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...
![China Crash](https://static.wixstatic.com/media/3afd43_83864441d1a94ba3b16af3f8c1b62767~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_83864441d1a94ba3b16af3f8c1b62767~mv2.webp)
Feb 5, 20242 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...
![Bank Run 2024](https://static.wixstatic.com/media/3afd43_adcaa52e110546b487512b940634dd2b~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_adcaa52e110546b487512b940634dd2b~mv2.webp)
Feb 3, 20244 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...
![Closing Market Report: Feb. 2nd, 2024](https://static.wixstatic.com/media/3afd43_fcd52ff9cb2748c690b85f9a915ce837~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_fcd52ff9cb2748c690b85f9a915ce837~mv2.webp)
Feb 2, 20241 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...
![The Final Rotation](https://static.wixstatic.com/media/3afd43_cd2de1f8a32543ada87ddaaf4b3305f9~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_cd2de1f8a32543ada87ddaaf4b3305f9~mv2.webp)
Feb 2, 20242 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...
![Closing Market Report: Feb. 1st, 2024](https://static.wixstatic.com/media/3afd43_6d087b3698b84845b32c66d84195d7a1~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_6d087b3698b84845b32c66d84195d7a1~mv2.webp)
Feb 1, 20241 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...
![Monetary Illusion X.0](https://static.wixstatic.com/media/3afd43_ff6bc5a5c3b74dfabea06185a98b8a9c~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_ff6bc5a5c3b74dfabea06185a98b8a9c~mv2.webp)
Feb 1, 20243 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...
![Morning Market Report: Feb. 1st, 2024](https://static.wixstatic.com/media/3afd43_4c84b4b131054d639ee0fc80fad4b1f5~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_4c84b4b131054d639ee0fc80fad4b1f5~mv2.webp)
Feb 1, 20242 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...
![Closing Market Report: Jan. 31st, 2024](https://static.wixstatic.com/media/3afd43_c51b56a4cc3a4b29b0efc2fc7bf35dbc~mv2.png/v1/fill/w_221,h_166,fp_0.50_0.50,q_95,enc_auto/3afd43_c51b56a4cc3a4b29b0efc2fc7bf35dbc~mv2.webp)
Jan 31, 20241 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...
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