Lee AdlerBy now, you’ve heard all about the $2.8 trillion budget deficit so far this year. Old news. With more pandemic spending on hold, the monthly…
No news isn’t no news. The Primary Dealers are in the same posture they’ve been in. They’re still bullish on bonds and that’s an extremely…
Just one more projection remains to be reached on both gold and the index of gold mining stocks. Meanwhile, 3 of the 4 remaining mining…
The path of least resistance is still up. Cycle projections say the S&P will make new highs, and not just by a little. Technical Trader…
Macro liqudity been bullish since early July. That was no secret. We were fully informed and prepared. And it’s no secret that this balance is…
A recovery in withholding tax collections that began in mid June, ended in the last week of July. The one time annual tax windfall is…
As projections rise, prices are rising to catch up with them as concurrent up phases grow long in the tooth. But momentum and cycle indicators…
But play both sides. Which is what we’re doing. Broad market indicators say the market is going higher, but cycle screens say, “Whoa, not so…
Macro liquidity is growing at a historically rapid pace, but much slower than in the second quarter. And there are signs of trouble brewing. Here’s…
Gold has met most of the targets we had, but there are still a few left for the short run. Meanwhile, we’re swinging higher with…
Short term cycles are in down phases. There are a couple of clear parameters to watch for signs of whether this will get worse or…
Fed QE and Treasury supply remain roughly in balance. The Fed is still funding most, if not all new issuance, either by direct purchase of…