Stock Markets in under 15 minutes. No ads. No politics. Easy to follow for your morning coffee, dog walk or commute.
This was from the heart tonight!
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They can no longer try to lie that they were fighting inflation, so now they say inflation is under control and are secretly going to the other big fire. lol. Your taxes at work
Bill Cara says this is about the banks who are drowning in Commercial RE debt. I agree. The Fed, Wall St, DC, couldn’t care less about their “Full Employment” mandate. Open your eyes.
The Big Fed Policy Rate Cut Points to its Real Concerns.
Commercial real estate is collapsing, hurting mortgage lenders, including Humongous Bank & Broker. So, this 50bp cut will relieve some pressure and assist the investors in declaring bankruptcy. Courts will now put a hold on seizures until these failed investors get refinanced—not immediately, but after the Fed drops rates further.
Adding liquidity, which rate cuts do, will increase inflation, hurting the average person. Today’s Fed action shows the split between Main Street and Wall Street.
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Alyosha is a professional Comex trader and writes Metals, Oil and Everything Else
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Save this spreadsheet or memorize it
Summary of the day
Nothing burger! indices down quarter percent. muhuhuhuhaha!
2pm
3pm
4pm
Breadth
1304 new highs
1-00 new lows
Nasdaq New Highs/Lows 79 Highs vs 41 Lows
44% advancing 52% declining
33% below 50 day ma
34% below the 200 day ma
Stuck out
10 yr yield
today
YTD
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
True Rate of Unemployment (24%!!!)
Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.
Whether you subscribe for free or paid, you will gain value and ability over time to see stock market price movement in a way Wall St does not want you to see.
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