The markets continue to trace out what could prove to be an important top. There are no sell signals yet, but there are numerous divergences. We...
“Black Swan” events are thankfully few. But when they do happen they can be quite destabilizing even devastating. The pandemic of 2020 is a “black swan”...
Friday gave us the U.S. job numbers and they were disappointing. Markets ended the week up but closed Friday on a down note. Given everything else that was going...
Our opening essay takes a short look at the emerging FinCEN scandal that investigates how dirty money is being laundered through the world’s largest banks including...
Our “chart of the week” looks at the relationship between gold and the rise in the Fed’s balance sheet. This past week was the September FOMC....
This week we look at the history of reserve currencies and what fate befalls the U.S. dollar as the world’s reserve currency. Historically, at least since...
This past week the S&P 500 and the NASDAQ both made new record highs then reversed and closed lower making an outside trading week. Key reversal?...
The upward record breaking march of the U.S. stock indices continues. But as the market chugs higher the divergences are rising with non-confirmations from some indices,...
The most hated bull market saw another record this week. The S&P 500 finally joined the NASDAQ in record territory. The rich (Wall Street) get richer...
Two things stand out this past week. First the gold mini-crash and second the failure of the broader indices to make new all-time highs. For the...