Category Posts

Dec 26, 20242 min read

2024 Year Of Ponzi

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 11, 20243 min read

These next two weeks of global central bank meetings are setting up to be the most consequential two weeks of 2024 for markets. It's...

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 30, 20243 min read

Pundits are already making predictions for 2025, because no one told them it's still 2024. "You never count your money while you're...

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...

Nov 12, 20242 min read

Over the past twenty years markets have been systematically hijacked by sociopaths in Silicon Valley and on Wall Street. Now, investors...