The double top theory for stocks that I suggested at the end of 2021, is looking like the right call at this point. Stocks suffered their worst week since March of 2020 last week despite a 4-day trading week.
Housing Update Stock Update Grantham on Stocks Fed Releases Report on Digital Dollar Interesting Gold Development An Interesting Federal Reserve Perspective It’s What They Do, Not What They Say Robots Being Increasingly Used by Small Business
While it remains too early to tell, there are many signs that the stock market may be ready to decline. It is my view that most of the gain in stocks seen since the financial crisis of a dozen years ago is attributable to the artificial market environment created by the easy money policies of the Federal Reserve.
The Fed’s Credibility Problem Not Just the Fed with a Credibility Problem Has the Fed Lost Control of Inflation? A Perspective on Financial Markets IRS – “Horrendous” Service
My ‘double top’ theory from last week is holding true so far, but we will wait and see. At this point, it’s too early to tell. Bonds had a simply dismal week last week. The yield on the 30-Year US Treasury Bond spiked from 1.90% to 2.11% as bond prices fell hard.
Crypto Currency Update In Response to a Prior Question – the Interest Rate Set by the Canadian Central Bank Bond Market Begins to Decline Hedge Funds Selling Stocks Narrow Leadership in Stocks Feds’ Two Choices – Both Bad
January is typically an important month in the markets. Stock performance in January often accurately forecasts stock performance for the year. I will continue to monitor and comment.
Richter: Stocks a Ponzi? Inflation Hitting Rents Hard Will the Last One’s Out of New York, California, and Illinois Turn Off the Lights? Student Loan Debt Continues to Climb Wages Rise Nominally; Real Wages Fall
Despite last week’s rally in stocks, the highs of mid-November remain the market’s high point. As I have been noting, my long-term, trend-following indicators remain negative.
Current Reserve Currency Snapshot Russia Next to Ban Cryptocurrencies As Fiat Currencies Weaken/Fail, Governments Change Currency Rules Used Car Prices Continue Crazy Climb The Fed is Lagging Its Peers Worldwide in Fighting Inflation Housing Update