Mish's Market Minute March 31, 2023 at 06:32 PM
Partial Look at the Models and Positions On Friday, I was part of the Festival of Learning, sponsored by Real Vision, to help new and experienced traders... Read More
Mish's Market Minute March 29, 2023 at 07:55 PM
We have written lots of Dailys, not to mention talked a lot in media, about the significance of the 23-month moving average. Here are some past comments: What has happened in the last 2 years? A bullish run in 2021 based on easy money. Inflation running hotter than most expected... Read More
Mish's Market Minute March 28, 2023 at 06:24 PM
Last week, I tweeted: I believe the #commodities prices in food softs $DBA have bottomed. $GLD-well those who know me-that I pointed out bottomed months ago. $SLV now outperforming. That tells you something. Maybe even #oil. Get ready for the Commodities Super Cycle... Read More
Mish's Market Minute March 27, 2023 at 06:41 PM
Friday: Monday: Over the weekend, our Daily covered 3 key ratios to help decipher the market action and the prevailing macro theme for the economy. We started with the one between long bonds (TLT) and the S&P 500 (SPY)... Read More
Mish's Market Minute March 24, 2023 at 05:35 PM
One of the best questions I got asked this week was "How can you be long gold and long semiconductors at the same time?" And I have a simple answer for that. We love to take a position based on the macro, which is why gold has been so compelling... Read More
Mish's Market Minute March 22, 2023 at 07:16 PM
The Federal Reserve raised rates by 25 basis points. The decision was unanimous. The terminal rate projection is unchanged at 5.1%. The FOMC statement modifies guidance: "The committee anticipates that some additional policy firming may be appropriate... Read More
Mish's Market Minute March 21, 2023 at 07:18 PM
The market buzz can be quite contagious. "Market didn't collapse on the bank news-must be bullish." "Yellen will save the day buy making sure depositors are safe." Yellen herself: "We have an economy that is performing very well... Read More
Mish's Market Minute March 20, 2023 at 06:37 PM
Where is the market finding joy? Is it here, in the Russell 2000 (IWM)? Let's check out the weekly chart. The 50-week moving average just crossed below the 200-week moving average. That is bearish. The Leadership Indicators shows IWM well underperforming the SPY; also bearish... Read More
Mish's Market Minute March 17, 2023 at 07:55 PM
When we wrote How to Grow Your Wealth in 2023, we began with Chaos Trying to Fit a Square Peg into a Round Hole Looking for Inflation in All the Wrong Places Could we have known at the time what headlines would emerge? No... Read More
Mish's Market Minute March 15, 2023 at 06:22 PM
In our book How to Grow Your Wealth in 2023, we featured our projections for the Economic Modern Family. To begin with the Granddad of the Family -- Russell 2000 (IWM) -- in December 2022, we wrote this: "The Russell 2000 IWM is the granddad of the Family... Read More
Mish's Market Minute March 14, 2023 at 06:59 PM
Folks are calling the FED opening swap lines on the entire US Banking deposit base to the tune of $17.6 trillion as QE infinity. Moody's cut its outlook on the banking system to negative, saying that it is a rapidly deteriorating operating environment... Read More
Mish's Market Minute March 13, 2023 at 05:46 PM
Given the recent liquidity crisis in the banking sector, Tuesday morning's CPI number could be an important driver in the Federal Reserve's next move on March 22nd... Read More
Mish's Market Minute March 11, 2023 at 01:00 PM
On March 7th, we asked "Will the Market Internals Turn More Bearish"? While we focused mainly on Jerome Powell's testimony, when he said "if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," in... Read More
Mish's Market Minute March 09, 2023 at 07:03 PM
We could call this "3 Days to All Hell broke loose." We could call this "We told you so." We could call this, "Welcome to the incredible forecasting of the Economic Modern Family." We could call this, "Hello delusional semiconductors... Read More
Mish's Market Minute March 08, 2023 at 06:20 PM
With Jerome Powell so data-dependent, as he stated on his second and last day of testimony, it seems pretty obvious where most of the growth and labor strength is coming from... Read More
Mish's Market Minute March 07, 2023 at 07:12 PM
Jerome Powell brought reality to the market. "The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," Powell told the Senate Banking Committee in prepared remarks... Read More
Mish's Market Minute March 06, 2023 at 06:55 PM
The 23-month moving average or a two-year business cycle is particularly important this year after a big up then down year-looms large... Read More
Mish's Market Minute March 04, 2023 at 07:28 PM
This past week, our Daily content proved itself invaluable. We directed our readers to look at buying Natural Gas, Crude Oil, Steel, Aluminum, Corn, Sugar, and NASDAQ. Now, we would like to turn our attention to the Economic Modern Family... Read More
Mish's Market Minute March 02, 2023 at 05:51 PM
Those of you who read our Daily are by now, learning about the value of our scanning tools, quants and the Complete Trader... Read More
Mish's Market Minute March 01, 2023 at 07:32 PM
Why are Large Cap Leaders leading? While the major indices still try to sort out the next interest rate direction, soft, hard or no landing, and/or if inflation has peaked, a few stocks have dominated... Read More
Mish's Market Minute February 28, 2023 at 07:47 PM
Stuck is a word we have used a lot lately. Some common synonyms for stuck are jammed, trapped, put, pushed, and caught. Nasdaq is stuck, jammed, or whichever word one wishes to use. And that's price... Read More