Thank You, Central Banks … … for stealing our money and ruining the economy worldwide. This smaller bubble (still one more final high to go in 2021) is about to pop and we’re going to see the Fed “without any clothes,” so to speak. So many signals are pointing to a top here. When I… Read more
Market Forecast Overview
Santa Showed Up, but … This topping process has been the most extraordinary thing I’ve ever seen. Absolutely everything has traced out corrective waves at the top — that’s never happened before in any market, as far as I’m aware. But it does help to confirm the current pattern — an expanded flat. Since the… Read more
I’m Expecting A Santa No-Show I’m referring to the normal Santa rally, which happens over the Christmas holidays and into early January. I think it’s going to be a no-show. Nothing would make me happier to see a top on Monday. And then there’s the 26th, which is a solar eclipse. We’re that close. This… Read more
An Attempt to Plug the Dike Jerome Powell (the current Federal Reserve Chairman) is a little like the Little Dutch Boy and the Dike story that I remember from childhood. I get the occasional email from people telling me there’s no way the market is going to head down with the Federal Reserve printing so… Read more
Influences That Drive Markets For several years now, I’ve talked about the phenomenon of the US Dollar driving the market. It was met with a lot of skepticism in the early stages, but now, of course, it’s undeniable. The international market has been moving “as one” for about three years now, all asset classes following… Read more
Topping Out This weekend, the key asset classes I cover seem to be back in sync (it may even include gold and silver — but that remains to be seen). The latter part of this past week saw fourth waves materialize in US indices, oil, the US Dollar Index, and related currency pairs. Everything I… Read more
US Turkey Day – Thursday Earlier this past week, I was hoping for a more rapid turn to the upside in a final wave, but we didn’t get one. I figured we had a small window to reach a high by this coming Monday, but by Friday morning, it’s pretty much discounted that idea. We… Read more
Something May Break We’re on the cusp of a trend change across multiple asset classes on an international scale. “Hopium” is a euphemism for the unsupported bullishness we’re seeing both in the market and in the main stream media. It’s not supported by the underlying fundamentals. In fact, if you want a snapshot of the… Read more
Controlled Chaos at the Top We’re on the cusp of a trend change. The US Dollar Index looks like it has changed trend (but needs confirmation); however, the EURUSD wave pattern is questionable. None of the other USD currency pairs have turned the corner to create a new trend, but they’re not far away from… Read more
Long Will Be a Bummer This market is exhausted. Gaps are routinely being left open and virtually everything is moving to the beat of the US Dollar. You can also see revolutions starting to break out in countries around the world (Spain, France, Hong Kong, Chile, Ecuador, Haiti, Papua New Guinea, now Iraq, and others)… Read more
