Archive for April 2021
Non-Sensical
Markets were quiet last week for the most part. The biggest mover in the markets I monitor was the US Dollar, which fell .79% in purchasing power against the fiat currencies of the major trading partners of the United States. When looking at the economy and the markets, the current climate is just flat-out nonsensical.…
Read MoreA Surreal Financial and Economic Climate
Stocks advanced again last week with the Dow climbing 1.18% and the S&P 500 rallying 1.37%. The rally in stocks has been very broad-based across most all market sectors in April with only energy stocks declining. I can’t help but think about the old market axiom, ‘sell in May and go away.’ This old saying…
Read MoreAre the Central Bankers Getting Desperate?
The very extended markets became more extended last week. The Dow advanced nearly 2% and the S&P 500 rallied 2.71%. Gold, silver and US Treasuries also rallied although the US Treasury rally was not significant. It doesn’t take a degree in finance or economics to ascertain that whenever money is created, it will find a…
Read MoreInflation or Deflation?
My view remains that many markets are very extended here and a price correction at some point is inevitable. To this point in time, the Fed’s easy money policies have kept price bubbles moving higher and these markets could continue higher for a bit longer, but at some future point, the prediction made by Thomas…
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