Peoplenomics

A number of items on our agenda this morning: 

I’m ticked about some misleading things about the market that made headlines this week.  Silly financial press!

My consigliere has pushed-out more numbers on the arriving cap of state and local tax write-offs impacting in 2019 for Tax year 2018..

And we are working through what we expected from weeks ago – sour grapes and recounts…

Grab the coffee and let’s roll…

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Thankfully, the election is done and over – and in a second a few comments about it.  But, there are bigger fish to fry.  As we predicted Saturday, it looks like the first move post-election will be up (through Friday) as the market fires up this morning. 

More important?  We have been modeling drivers for the next economic downturn.  And this morning we’ll give you a thumbnail of  what’s coming.  A huge effective tax increase for people in high tax burden states.

Even if you aren’t a subscriber, you need to know that under the same “tax cut bill” that brought a lot of offshored capital back home, there is also a nefarious limit on deduction of state and local taxes of $10,000 per year.  After that, no further write-off for state and local taxes as we understand the law.

We ask wryly (or is that cynically?) note this is NOT something that anyone made a “big deal about” before the election.  However, it sure explains to us why the national media haven’t hyped the story and why so many D.C. old-timers decided NOT to run this time around.

We figure they don’t want to be around come the end of this year when the “Tax Bomb” we’re talking about this morning goes off.

Some election results first and coffee to make the ride out to the coming site of the financial trainwreck a little more pleasant…

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We play the fun game of looking ahead a few weeks in this morning’s report.  In it, you’ll see how we expect the balance of the year to shape up.

More importantly, though, you may be able to infer how we plan to scalp a few bucks from Old Man Market.

After headlines and coffee, of course.

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One of the questions that comes up often in our “Comments” section on the UrbanSurvival site is whether Elliott waves are really “useful.”

In fairness to people asking, the answer is Yes!  But you need to understand where the “civilian” confusion comes from.

This week, I spent some time with my friend Robin Landry who’s an expert on the wave structures.  This morning’s we will discuss how he can hold a different view than Robert Prechters when both are looking at the same data…

After some headlines and coffee, to make sure we get off to a good start..

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The fun resumes Monday, huh?

Markets like this are difficult to trade, especially when this may only be a first wave down.  We have our eye on November 27th as a possible “bad hair day” for markets.

This morning, a few ideas about time and price as we roll through the charts and fine-tune our look for the period just ahead…

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This morning we make a steely-eyed assessment of a global move many Americans are missing:  A new wave down of our Global Index is screaming that what we went through with the January and March wash-outs could be just foreplay.

There are a number of tools we apply to come to this notion.  Not the least of which is our Peoplenomics “Brain-Amp” spreadsheet.  This handy thinking-tool – that can be downloaded from the Master Index page.  It allows you to put in the measurements of the A (or wave 1) Up or Down.  It will then offer ideas as to where the Wave B (or 2) retracement should fall, make an estimate of C (or 3), toss out another retracement idea (4), and then offer a better-than-wild guess at how far off the top is, or if a declining wave like we’re in now, how far down the bottom might be.

A few headlines first, but coffee and a note pad is recommended when we get into the discussion today since the biggest impacting event in the USA may be the rest of the world pulling us down with ’em.

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