The Hitchhiker’s Guide to the Financial Fiasco
Is the biggest confidence game in history collapsing? We are in a confluence of cycles flagged in this space over the last 18 months that are exerting their downside influence. These are both “natural” cycles and market cycles. They are exemplified by a convergence of three macro imbalances: The debt problem of the 1940’s. The […]
Continue Reading -->Why Gold Could Hit A New All-Time High In March
Tuesday morning’s Hit and Run Report, “The Completion Of Golds Long Consolidation Is On the Radar” stated, “Breakage thru the open gap at 178 and the Train Tracks sell signal at 180 (on GLD) suggests A FAST MOVE COULD OCCUR INTO THE END OF MARCH.” That notion was powerfully validated on Friday as GLD blew through a tops […]
Continue Reading -->Coffee With Greta: Banks Still In Focus
DJIA Futures: +125 (+0.4%) SPX Futures: +13 (+0.3%) NASDAQ Futures: +32 (+0.3%) Good morning friends! Futures are rising as a crucial Fed week begins and uncertainty remains about the global banking system. Let’s get right to it! UBS Buys Credit Suisse Credit Suisse (CS) shares are plunging 56.7% ahead of the open after UBS Group […]
Continue Reading -->5 Financials to Watch on the Credit Suisse Mess
We have mostly red arrows around the world to start the week as we absorb news of CS being taken under at 77 cents. FRC is down 20% as the powers that be try to figure it out. Banks closed near last week’s lows while money hid in megacap tech. We have Powell Wednesday and Xi […]
Continue Reading -->Coffee With Greta: Banks Slide Again
DJIA Futures: -257 (-0.8%) SPX Futures: -27 (-0.7%) NASDAQ Futures: -34 (-0.3%) Good morning friends! Futures are lower as regional bank shares continue to slide. Let’s get right to it! Banks Take Advantage Of Emergency Fed Program Regional bank shares are tumbling again today after several took billions in short-term loans from the Fed this […]
Continue Reading -->How Charts Can Help You Avoid Disasters Like SIVB & SBNY
The regional bank crisis is one of the biggest stories of 2023. Investors in stocks like SVB Financial (SIVB), Signature Bank (SBNY) and others are staring at billions of dollars in losses. But, you could have avoided the trouble if you understand some simple trend analysis rules Let’s start with SIVB since they were the […]
Continue Reading -->Coffee With Greta: Regional Banks Still Sliding
DJIA Futures: -95 (-0.3%) SPX Futures: -9.5% (-0.2%) NASDAQ Futures: +3 (+0.02%) Good morning friends! Futures are mostly lower as regional bank shares continue to drop and traders digest new economic data. Let’s get right to it! Regional Banks Continue Slide First Republic Bank (FRC) shares are tumbling 33.3% ahead of the open as concern […]
Continue Reading -->The Powell Pickle: Is the Market’s Next Wave Straight Down?
“Men it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” -Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds Financial conditions have tightened and we still have inflation. This is the Powell Pickle going into […]
Continue Reading -->Coffee With Greta: Bank Woes Continue
DJIA Futures: -597 (-1.8%) SPX Futures: -73 (-1.8%) NASDAQ Futures: -181 (-1.5%) Good morning friends! Futures are sliding as trouble at Credit Suisse overshadows positive inflation data. Let’s get right to it! Credit Suisse Trouble Shakes Financial Sector Credit Suisse (CS) shares are sliding 26.3% ahead of the open as concerns mount about the Swiss […]
Continue Reading -->Coffee With Greta: CPI As Expected, Bank Stocks Rebound
DJIA Futures: +259 (+0.8%) SPX Futures: +38 (+1.0%) NASDAQ Futures: +120 (+1.0%) Good morning friends! Futures are jumping as traders digest new inflation data and bank stocks rebound. Let’s get right to it! February CPI In-Line With Expectations Inflation pressures slowed as expected in February. The Bureau of Labor Statistics’ consumer price index rose 0.4% […]
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