As sickeningly green as today is, one fund which is still rock-solid (and indeed has presented itself anew as a shorting opportunity) is our old friend IYR, the real estate fund. I shorted this today with a stop-loss at 97.40:
Real Estate Returns
Zoltan Poszar: The Fed Is Not Your Friend
The Base Completes
It’s 4:15 in the morning as I compose this, and even though there are some important economic reports coming out at 5:30 a.m. as well as a Powell speech at 11 a.m. (these are all PST), I wanted to get this post out there. The bullish base of the /ES has completed, because of this breakout:
Participation Pattern
Human nature on a mass scale is fascinating to me. Check out this “just for fun” chart of the Labor Participation Rate in the U.S. over a period of many decades. It is presently at 62.2% (what the other 38% of the country is doing with its time is beyond me; I guess watching the latest Real Housewives series, or maybe The Masked Singer). Anyway, check out what an interesting pattern this data set has, obeying the same rules of charting as might be found in, say, an equity graph.
Be Nice to Canada
I would have never guessed anything like the facts below: the entirety of the OPEC nations are totally dwarfed in importance by our friendly neighbor to the north. Why do we bother to kowtow to the bloodthirsty maniacs in Saudi Arabia at all anymore? They’re becoming inconsequential!
