Archive for January 2022
The Fed, the Economy and the Markets
The double top theory for stocks that I called at the end of 2021 and have been discussing this month still looks intact despite a bit of a rally in stocks last week. There was a lot of volatility in stock markets last week and a week end rally propelled stocks into positive…
Read MoreThe Recent Stock Bull Market – Real or Nominal?
The double top theory for stocks that I suggested at the end of 2021, is looking like the right call at this point. Stocks suffered their worst week since March of 2020 last week despite a 4-day trading week. As I have been suggesting here each week, when stock gains are largely…
Read MoreA Market Perspective
The potential double top in stocks theory that I put out a couple weeks ago is still holding after last week’s price action in stocks. While it remains too early to tell, there are many signs that the stock market may be ready to decline. It is my view that most of the…
Read MoreFinancial Markets, the Economy and Currency Creation
My ‘double top’ theory from last week is holding true so far, but we will wait and see. If you missed last week’s post, a double top is a bearish formation where prior market highs are approximately reached but no new highs are made. At this point, it’s too early to tell. …
Read MoreMy Thoughts on Stocks as We Begin a New Year
Last week, stocks touched their all-time high levels from November completing a “Santa” rally. At this point, it remains to be seen what this means. Since my long-term stock trend-following indicators are negative, I’d have to bet on a double top, which is a bearish pattern, but time will tell. January is typically an important…
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