Date: August 26, 2021

QE ain't f**king doing anything for the real economy...

Inflation Meter Just Hit A New Record High

PCE came in at 6.1%, in line with expectations, and the highest since Q3 1983.

Q2 GDP Revised To 6.6%, Missing Expectations; Core Inflation Hits Highest Since 1983

Valuation? ha ha ha... but it does not matter until it matters (chart from Advisor Perspectives).

Beneath the headline indexes participation blows.

Until inflation sensitive cyclical items top out vs. gold risk remains 'on'.

Smart & Dumb indicators show little bull refreshing sentiment squalls but also a downward trend in Dumb money bull...

NAAIM and others (e.g. AAII) take short-term negative sentiment bursts to refresh the bull.

Market structurally over-bullish.

YouTube algo grabbed a video for me this morning before work. It was titled "How to Spot Manipulation" or somethin...

Said it before, but at some point, I think crypto has to start operating like the stock market. Quality gets bough...