Mish's Market Minute June 28, 2023 at 05:18 PM
On June 12th, Goldman Sachs (GS) came out stating how bearish they are on oil. I wrote a Daily about it on June 20th. It's not uncommon for me to stick my neck out and go against the big analysts... Read More
Mish's Market Minute June 27, 2023 at 05:30 PM
An interesting article based on cycles and commodities versus stocks suggests that over the past 90 years, stocks have outperformed commodities by 4 to 1. Within those 90 years, though, there are times that commodities outperform stocks, generally for about 15 years... Read More
Mish's Market Minute June 26, 2023 at 06:35 PM
What we know for sure, is that the demand side of the U.S. Economy, as seen through the lens of the transportation sector, is holding up... Read More
Mish's Market Minute June 23, 2023 at 04:31 PM
Once a month, I do a coaching session for our members of the Complete Trader, a MarketGauge comprehensive product for the discretionary trader... Read More
Mish's Market Minute June 22, 2023 at 09:33 PM
It was a great day to sit down and talk to Dale Pinkert of FACE Live Market Analysis & Interviews.And we covered a lot of ground. BoE interest rate cut. Inflation, Recession, or Stagflation? Commodities -- grains, metals, industrial metals. The "inside" sector of the US economy... Read More
Mish's Market Minute June 21, 2023 at 06:53 PM
On Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation and the inflation indicators themselves. Food commodities, particularly grains, soared. Weather is the dominant factor as we head into the summer season... Read More
Mish's Market Minute June 20, 2023 at 07:51 PM
On June 12th, Goldman Sachs (GS) came out with this: Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia... Read More
Mish's Market Minute June 17, 2023 at 12:00 PM
Focusing on the Economic Modern Family, the weekly charts will help us see who is doing what, why, and perhaps help us understand for how long. Granddad and Grandma Russell and Retail are the matriarch and patriarch of the Family... Read More
Mish's Market Minute June 15, 2023 at 06:13 PM
Those who read our Daily and follow us on the media know that we talk a lot about risk gauges. The big focus for me personally is the relationship between the S&P 500 and the long bonds... Read More
Mish's Market Minute June 15, 2023 at 09:41 AM
Teaching an old dog new tricks means that the tricks might be new, but the notion of doing tricks is familiar. Case in point-currencies and trading currency futures. We have traded ETFs UUP and FXE (dollar and Euro) in the past... Read More
Mish's Market Minute June 14, 2023 at 04:53 PM
What we heard from the Fed and FOMC on Wednesday: Unanimous Holding rates allows FOMC to assess additional data Tighter credit likely to weigh on activity 2023 unemployment seen at 4.1% vs. 4.5% Median rate forecasts rise to 5.6% end-`23, 4... Read More
Mish's Market Minute June 12, 2023 at 06:22 PM
Last week, I was listening to an analyst talking about small caps. He basically poo-poo'd their importance and therefore influence on the overall market conditions. Now, this is our Granddad Russell (IWM) -- the representative of stuff made in the USA... Read More
Mish's Market Minute June 09, 2023 at 06:29 PM
Looking at the monthly charts of the four major indices as we hit mid-June, all but the Russell 2000 are trading above their 23-month moving average... Read More
Mish's Market Minute June 07, 2023 at 06:55 PM
The US trade deficit widened to a six-month high and by the most in eight years. That means that we imported way more goods while our exports declined. We don't like to use one economic stat as the end-all-be-all, but this strengthens our stagflation outlook... Read More
Mish's Market Minute June 06, 2023 at 05:35 PM
It's just like the entire month of May, when folks were saying "Sell in May and go away"-- but not us. We were telling you that the Big View Risk Gauges were all pointing to risk on... Read More
Mish's Market Minute June 05, 2023 at 05:07 PM
Apple, Nvidia, Meta, Alphabet, Microsoft, Amazon, and Tesla have now been penned as the "Magnificent 7." Only around 25% of the S&P 500 stocks have outperformed the benchmark, while these stocks continue to show massive leadership... Read More
Mish's Market Minute June 03, 2023 at 12:00 PM
Last week, we asked, "Can the Retail ETF XRT hold here?" We wrote that the Consumer Sector ETF had some words for you. To summarize: The test of the 80-month MA (green and price 56.24) on the last day of the month of May is mad interesting... Read More