Losing Our Past, Dooming Our Future

So much for the Hillary Rally (“Rallary“) the market put on Tuesday.  This morning we’re back to the bull and bear slugfest in earnest..

Futures were up a tad, but we’re really in a trading range as you’ll see in this morning’s ChartPack.

Our main concern now is not so much about the looming (early 2017) recession.  It’s about the horrific debt burden on young people from things like education debt, that will dramatically slow, or even prevent the next recovery.

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Markets Face "Floptober" Says Reality Ratio

This will take a bit of discussion to fully understand.  But off in the background, I use a series of indicators and one of these relates to bond pricing as a function of stock prices.  It typically will show a peak (and / or passing) well before the stock market follows suit.

Which, says the indicator now, should result in a mighty painful “Floptober” to come.

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The Leading Edge of Chaos

This morning we line up a lot of data.  Everything from cops shooting blacks to the gasoline pipeline mess that has resulted in gas lines in the Southeast.  Then we toss in some economic data and distill it down to an economic forecast that begins to look like the leading edge of Chaos.

Before that, however, a whole bunch of charts and some discussion of why the Fed is NOT expected to raise rates today – I mean beyond the obviousness of being too close to the election to be considered non-political. 

So bean-up partner…time to roll…

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