Mish's Market Minute June 29, 2022 at 05:19 PM
Stocks are primarily unchanged or trading slightly higher as pressures from rising food and energy prices persist... Read More
Mish's Market Minute June 28, 2022 at 06:34 PM
Although GDP growth is a crucial measure of economic activity, it is not the most significant factor to consider when predicting future stock market returns, since it is a lagging economic indicator... Read More
Mish's Market Minute June 27, 2022 at 06:53 PM
U.S. crude oil continues to rise after a pullback late last week to around the mid-$90s per barrel. However, the price is hitting short-term resistance around $109-$110 for the time being... Read More
Mish's Market Minute June 24, 2022 at 06:21 PM
I woke up these headlines on my Twitter feed Friday morning: "POWELL: US HAS A VERY STRONG, WELL RECOVERED ECONOMY." Jerome Powell said a soft landing is still "possible," but conceded recession was also a possibility in his congressional testimony last week... Read More
Mish's Market Minute June 22, 2022 at 07:33 PM
To be clear, the economy is not currently in recession. There remains roughly $2.5 trillion in excess savings and a robust labor market, although that might be changing. Furthermore, fixed business investment is still strong and continues to bolster the economy... Read More
Mish's Market Minute June 21, 2022 at 06:31 PM
Over the weekend, I wrote that "Looking at the SPY chart, we could be setting up for a mean reversion trade (bear market bounce that takes SPY back to 380)... Read More
Mish's Market Minute June 17, 2022 at 06:23 PM
Currently, if we look at the S&P 500 and the Retail Sector through XRT, our foregone conclusion is that, for the most part, equities are a huge distraction... Read More
Mish's Market Minute June 15, 2022 at 06:28 PM
So, the whole U.S. watched the Fed raise rates by .75 bps today. And, with all the news coverage and analysis, yours truly has tried to warn you all that, whether the Fed raised by 50 or 75 bps, it does not matter. Equities underperformed commodities from 1999 to 2009... Read More
Mish's Market Minute June 14, 2022 at 06:08 PM
Pretty much everyone has turned into a bear. And no surprise, really. Personally, I think the bears are a bit late to the party. Nonetheless, the inflation concerns are real. The QT concerns are real... Read More
Mish's Market Minute June 14, 2022 at 02:10 AM
Last week, I did a part-educational, part-actionable webinar for the virtual money show (link below). My theme was and always is, the Economic Modern Family... Read More
Mish's Market Minute June 11, 2022 at 05:27 PM
On Friday, the CPI numbers were reported, showing that, while the Fed has continued to increase rates, inflation has again pushed higher. This worsens investor sentiment and increases fears that a recession is inbound... Read More
Mish's Market Minute June 08, 2022 at 05:46 PM
On Wednesday, the Russell 2000 (IWM) failed to make a second close over its 50-day moving average. As the current leader of the major indices, IWM has been playing a very important role in the overall market direction... Read More
Mish's Market Minute June 07, 2022 at 05:37 PM
Although we are watching for another step up in the major indices, we are also looking at safety plays in commodities. Specifically, analyzing precious metals such as gold (GLD) and Silver (SLV), one thing stands out when using our Real Motion indicator... Read More
Mish's Market Minute June 06, 2022 at 07:02 PM
Currently, the small-cap index Russell 2000 (IWM) is leading in momentum compared to the S&P 500 (SPY) and the Nasdaq 100 (QQQ)... Read More
Mish's Market Minute June 03, 2022 at 05:56 PM
It has been a tough year to pick winning stocks, and, with more uncertainty ahead, now is not the time to be heavily invested in tech and big names that have broken down in price over the recent months... Read More
Mish's Market Minute June 02, 2022 at 06:03 PM
The Russell 2000 (IWM) closed over its previous 3 trading days, making a small breakout from a consolidation area that has also held over its 10-Day moving average at $181.38... Read More
Mish's Market Minute June 01, 2022 at 06:26 PM
Buying ahead of taking out last week's high was premature. Getting overly negative unless we fail last week's low is equally premature. I realize how sexy it is to be either very bullish or very bearish... Read More