For almost 3 months the major stock indices have traded sideways, consolidating the supercharged Fed and Government stimulus aided gains since March. With stocks nearing short term overbought levels within this range in early November, the vaccine miracle makers launched a trifecta of Covid cures. The equity buying binge began…
When Pfizer declared a 90% effective Covid vaccine this week, the mask wearing world bought recovery stocks with reckless abandon. Investors see the vaccine light at the end of the Covid tunnel. Short term we are still in the dark tunnel of winter that is already witnessing reduced consumer activity…
Technical market condition edging into overbought zone: Stocks are up in Arms over the elections. That is, the ubiquitous Trading Index in financial circles named after Richard Arms in 1967, continues to accurately identify areas of oversold and overbought conditions in the stock market. The Arms Index or TRIN compares…
THE topic of 2020 and beyond is the response to the Covid 19 pandemic. The Government lockdowns devastated the economy and stocks. Fiscal and monetary stimulus boosted the economy and stocks faster than anyone expected. Global Governments created a micro Depression in March by shutting down the economy and then…
The Inflationary 1970’s was one of the more profound periods in our modern economic history. Leaving the Gold standard in 1971 to prevent a run on our gold supply triggered double digit inflation and tainted the textbook understanding of debt and money supply upon inflation. The surging consumer prices in…
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