Archive for December 2021
Inflation and Deflation Perspectives
Despite last week’s rally in stocks, the highs of mid-November remain the market’s high point. As I have been noting, my long-term, trend-following indicators remain negative. This past week, I began to read the most recent book by James Turk, a past guest on my radio program. Mr. Turk’s book is titled, “Money…
Read MoreAbout Stocks and Bonds
The stock market highs of November have not yet been taken out and my long-term trend-following indicators continue to become more bearish. At this point, a “Santa” rally looks less likely especially given the Fed’s recent statements about accelerating the taper or slowing the rate of currency creation. As the longer-term readers of…
Read MoreA Predictable Pattern
Stocks rallied last week although they remain off their highs of about one month ago. Unless these prior highs are taken out, we view the current stock trend as down. We will have to wait and see if a year-end Santa rally can bring the market to new highs. Longer-term, I am bearish…
Read MoreWill the Fed Taper?
Stocks continued their rough stretch last week. While we could see a Santa Claus rally this month as we often do as the year comes to a close, given how extended stocks are from what would be considered to be more ‘normal’ levels, we may not experience the traditional year-end rally. Last week,…
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