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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Destiny

Destiny

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Sept. 22 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Oct. 1 @ 8:30 am ET - Core PCE Price Index m/m Data

* Fri. Oct. 8 @ 8:30 am ET - Employment Data

* Wed. Oct. 13 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

* Wed. Oct. 13 @ 2:00 pm ET - FOMC Meeting Minutes

*  Thurs. Oct. 14 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Fri. Oct. 15 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

*  Fri. Oct. 15 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Oct. 15 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

*** CLICK HERE for link to Economic Calendars for all upcoming events.


Friday, August 27, 2021

SPX: The Biggest Non-Bubble In History

* See UPDATES below...

Wall Street claims U.S. markets are not in a bubble.

Ooookaaaay...

Take a look at this monthly chart of the S&P 500 Index (SPX)...compare the rally, to date, from 2009 with the two prior ones leading up to August 2000 and October 2007...and judge for yourself.

No bubble

How about parabolic, then?

How much longer will the Fed continue to soft-pedal increasing domestic and global risks to economic and market stability, inflation, and national/international security issues, etc., by flooding markets with endless money-printing measures?

At the time of writing my post, every U.S. taxpayer is liable for $227,474 of the national debt.

How much longer will Wall Street continue to ignore and downplay those issues?

We'll see what happens....but the fall is likely to be spectacular and unprecedented.


* UPDATE September 4...

Just do the math...for confirmation of my analysis, check out the details outlined in this article...


* UPDATE September 5...

In a nutshell, my big takeaway from the detailed report below is that runaway inflation could cause the U.S. dollar to plummet, Treasury yields to spike, and Gold to become a safe-haven hedge against such a scenario...leaving equities vulnerable to the clutches of a severe bear market.

So, keep an eye on the price action of these three over the coming weeks and months, which are depicted on the following monthly chart.

Gold is sitting on major support and is poised to rally to new highs, the U.S. dollar is range-bound and swirling around long-term major support/resistance, and the US10YT is sitting just below and poised to break above major resistance, once again, and rally to form a new uptrend on this timeframe.

No wonder the Fed keeps insisting that inflation is 'transitory!'



* UPDATE September 17...

The question of the bubble-burst is not IF, but WHEN.


Inflation expectations rose again, as reported today.

Source: Forex Factory


Exerpt from ZH article

Consumer sentiment dropped, again, as reported today.

Source: Forex Factory

The panic sets in...



And, don't forget that Biden's catastrophic southern border distaster and COVID super-spreader event -- 200,000 illegal aliens crossing per month who are being transported and dumped by Biden's minions in towns and cities all across the country -- has created an avoidable humanitarian and health crisis of epic proportions, as his administration is trying to prevent the media from filming this mess.


All of this, plus his other botched policies, adds to out-of-control  inflation...and spiking COVID-19 cases from illegal immigration.

Sooner or later markets will react,
as Biden breaks America.

~~~~~~~


N.B. Read more on inflation here and more on national security here.