Lee AdlerGold is consolidating. Here’s what to look for to signal that it’s something worse.
The market has now been rangebound for 5 weeks, leaving the cycle picture muddled. Wave amplitude remains relatively high, while frequency has increased. If the…
Treasury issuance has caught up with QE. There are no more excess funds lying around for dealers to use to mark up stock and bond…
In normal times, the Federal Government has a revenue windfall in April, and runs a large surplus for the month. Revenues are typically at least…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
Stocks are selling off this morning but the trend still favors the bulls. Here are the parameters to watch that would confirm, or signal a…
Macro liquidity has slowed slightly in recent weeks as the Fed has taken its foot off the accelerator. But it continues to grow at an…
The Fed has cut back its POMO purchases to an average of $8 billion per day of Treasuries and $6 billion of MBS this week.…
Gold is consolidating. The uptrend will be safe as long as a key support level holds. This report looks at where to start worrying, and where the upside targets are if all goes well.
I am rescinding the comments I made last week about the long term trend. The Fed’s commitment to maintaining a bullish trend in stocks is…
The Federal deficit hit $1 trillion in April. That’s a cool 1,500% increase year to year. That’s for one month. This is based on the…
The Fed just posted how much help it will give the market next week and son of a gun! It’s cutting again. The implications of…