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It appears that that bond market is not buying it. No major move in the 10 year yield NOR any “safety trade” looking at dollar relative strength
They ALWAYS believe the banker (FED) fairytales. IE they are going to perfectly manage a soft landing and we won't have a recession.
Looks like most markets shit the bed a little while ago. I wonder what sparked that.
Cohodes & McGough: Short the Hell Out of $HELE
WOW...
... Houard disclosed to WSJ that the prototype laser costs about $2.17 billion. ...
Can hardly wait til the MIC turns it into a weapon....WOW...
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Next stop should be around 160.Alibaba (BABA) developed a Weekend Trend Trader buy signal. LOL.
It is not in the universe of stocks that I'm trading, so I won't be buying it.
View attachment 6155
Maybe if I ever get back to even I will consider it. After holding for 2 years, there isn't much point in trying to preserve what's left.LOL. Any new positions I get into, I get out rather quickly. In this market, I'm not interested in long term investing. Whipsaws way to much for my liking.I would tighten the stops on those inflation hedge stocks. Gold Silver Uranium.
I noticed last week the explorers were starting to get a little action. Doesn't that usually happen at the end of a move in silver?Gold and silver are in such contrasting positions right now.
Gold is starting to look parabolic, (but does look like it has more upside yet...)
View attachment 6183
Silver, on the other hand, is looking poised to bust a big move. Indicators have pulled back while silver has coiled tightly sideways. This could have a forceful move up...IF it breaks up.
View attachment 6182
What concerns me about putting too much faith in silver is that gold is looking like it's almost done. Silver doesn't normally move higher without gold participating. So if gold tops and drops, silver should stumble with it. Such a contrast!
Gold and silver are in such contrasting positions right now.
Gold is starting to look parabolic, (but does look like it has more upside yet...)
View attachment 6183
Silver, on the other hand, is looking poised to bust a big move. Indicators have pulled back while silver has coiled tightly sideways. This could have a forceful move up...IF it breaks up.
View attachment 6182
What concerns me about putting too much faith in silver is that gold is looking like it's almost done. Silver doesn't normally move higher without gold participating. So if gold tops and drops, silver should stumble with it. Such a contrast!
'Contained' is one way to put it. Tied, whipped, and chained is another. Down a dirty dollar as I type. Ouch babe!...Yes... but silver looks 'contained' not weak so we might just see some residual pressure in that market if gold takes a breather.
GSR is up over 83 again. TPTB are pushing hard. When this thing lets go it should have some legs... if I'm alive to see it.Silver taking a dumpy-doo. Woops! Looking like this first move up in silver is over.
Gold still holding firm, strange!
The Conference Board's Leading Economic Indicators (LEI) suffered a significantly worse than expected drop in December, tumbling 1.0% MoM (vs -0.7% exp), and the 1.0% decline in November was revised down to a 1.1% drop.
...
This is the 10th straight monthly decline in the LEI (and 11th month of 12) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)
“The US LEI fell sharply again in December - continuing to signal recession for the US economy in the near term,” said Ataman Ozyildirim, Senior Director, Economics, at The Conference Board.
...
Did this news affect market sentiment?
Bottom fishing for stops!This is the kind of stuff that should be illegal. Market makers just taking out the stops, long and shot. So after this wild swing in NIO at the open, it settles down immediately and is up 7 cents. LOL. View attachment 6228
This is the kind of stuff that should be illegal. Market makers just taking out the stops, long and shot. So after this wild swing in NIO at the open, it settles down immediately and is up 7 cents. LOL. View attachment 6228
Commodities are in store for a 'bullish concoction' in 2023, according to Goldman Sachs, which sees a combination of the macro environment and low inventories boosting prices.
The commodities sector is looking at "superior total returns" in 2023 and is expected to outperform other asset classes, analysts at Goldman Sachs said in a note.
...
Gold is projected to benefit from a weaker U.S. dollar and a global de-dollarization trend, Goldman noted.
"Gold, in particular, is likely to be on a cusp of sustained upside as de-dollarisation is very bullish gold... at a time that the Fed is likely to increasingly shift towards growth concerns slowing its rate hike path allowing ETF holdings to stabilise," it added. "We believe a sustained inflection in the USD provides an ingredient for a fairly significant upside in commodities."
I saw it on a few of the companies I follow. MO and Oxy are 2 others. It usually isn't that drastic but you do see this type of action fairly often but usually it's contained to within 10% or so un the upside and downside. Just hunting for stops.It was a market "glitch" lol. Tons of giant companies opened up or down big.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
"glitches" inspire confidence...
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