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Wow. I have something exceptionally cool to share with you. Something so cool, it might even compel some of my thriftier readers to get a crowbar out, crack their wallet open, and become a Gold or Platinum member. Even in the midst of my zany travel schedule, I wanted to write up this post and tell you about what I managed to figure out on a delightfully rainy Sunday morning.
Specifically, it has to do with taking this chart……….
So, ummm, regarding the “Powell Pivot” that’s supposed to justify this obscenely overvalued market – – what EXACTLY is he pivoting from? Quantitative tightening? Because you want to know how much they’ve sold off. ZERO POINT EIGHT PERCENT. Not even a SINGLE percentage point! Get out your microscope:
It’s a bear market. The trends make that assertion, not me. But as noted in an NFTRH update on July 28th…
FOMC came. FOMC laid a .75% egg. FOMC rode off into the sunset until September. Meanwhile, signs of global economic contraction continue to crop up as the Fed fights the last war. And………
The favored strategic play has been that the Fed drops its July rate hike on the market and may be done. However, if ‘inflation trades’ like commodities and signals like inflation expectations, Treasury yields and the Silver/Gold ratio rise strongly enough it may compel the Fed to hawk again. That remains to be seen. But there is a window now. That window is July 27 to September 21, when the micromanaging market regulator eggheads meet again.
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