S&P 500 Testing 3900 Support; Commodities, WTI Crude Oil Topping?; Buying Uranium, Ag Equipment
Key supports are currently being tested at 3900-3910 on $SPX, $293 on the $QQQ $NDX, and $177-178 on the $IWM. WTI crude oil is breaking below $85;...
486 Views
Degraded Economic Outlook for Europe Puts Spotlight on Global Profit Forecasts and Currencies
Disruption to energy supplies in Europe brings inflation and demand destruction, Structurally higher energy prices will undermine Germany's...
371 Views
When Real Rates Have Been This High, the Winner Is Gold
The risk facing gold is marginal compared to the risk facing US equities, and it is hard to see a scenario where gold doesn’t...
781 Views
Second Leg Down: 5% Points More on Fed Funds! Central Banks Turn Up the Heat
post-Jackson Hole the World's Central Banks have stepped-up tightening. Liquidity is skidding at an annualized 30% clip. QT policies in the US add...
1.3k Views
Headwinds Persist, Including Rising DXY, 10-Yr Treasury Yield, & Commodities; Buying Staples, Solar
We still see the market as being in pullback mode; the $SPX, $QQQ $NDX, and $IWM $RUT are all testing 50-day MA support, the first big area of...
353 Views