Monthly Archives: April 2022

The Wheels Are Coming Off

If you seek to plot a way out of a particular conundrum you may have found yourself in it’s always advisable to take a step back and figure out what got you into that pickle in the first place. However if one would attempt to take stock of the sheer number of misguided and short sighted policy decisions taken over the course of the past decade across the board I fear it would probably end up filling a volume as thick as Tolstoy’s War And Peace. So the real question we may need to ask ourselves is why the heck things haven’t blown up in our faces already many years ago.

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  • Mike
  • a couple of weeks ago

Breaking Point

Throughout my trading career I’ve never been much of a perma-bear, mainly because I have a basic understanding of math and statistical probability in particular. In case you are unaware of a few simple realities of life allow me to share a few salient data points for your general edification: In essence throughout your average trading career only about 11% of your time is spent in downside corrections, the rest is either sideways or advancing tape.

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  • Mike
  • 4 weeks ago

Dollar Rocket

Reports about run-away inflation in the MSM have been rampant over the past few months, so it may be a wee bit surprising to some to realize that the U.S. Dollar has been on a massive tear lately. Although cognitive dissonance has long become a mainstay in the financial media such a glaring disconnect between some obvious facts of life and the current advance observed in the DXY is bound to raise a few eyebrows. So allow me to be the one to burst your collective bubble regarding the strengthening of our U.S. reserve currency.

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  • Mike
  • last month

Inversion Pains

All is not well in paradise as the world awaits today’s FOMC announcement with bated breath. Already leaked comments from U.S. Federal Reserve officials managed to spook the U.S. futures market on reports of a three-year plan to trim several trillion dollars from the stash of assets purchased to stabilize financial markets and move to tighten credit and lower inflation.

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  • Mike
  • last month