This was the fastest and biggest bear market rally since January 2022. Maximum overbought. The market is ready for a big rug pull.

https://twitter.com/MFHoz/status/1553365879211048960 https://twitter.com/WallStreetSilv/status/1553342141413306368 https://twitter.com/WallStreetSilv/status/1553183657061392384 "Analytically indefensible" and "inexplicable" is how former Treasury Secretary @LHSummers describes #Fed Chair Powell's unscripted remark on the neutral rateI suspect most economists were very puzzled by Powell's remark, including me (this from Wednesdayhttps://t.co/SE6kcgfmMg pic.twitter.com/5GMqYyr9Je — Mohamed …

READ MORE

She is now en route to Asia. Tail is SPAR19. PELOSI’S plane has left the US mainland after a short stop at the Travis Base, & just arrived at a cruise alt of 32,000 ft.

https://twitter.com/VSoien/status/1553336379958067200 Something to Watch .. https://t.co/Ij6qb62HZY — Willem Middelkoop (@wmiddelkoop) July 30, 2022 https://twitter.com/ZaidZamanHamid/status/1553325822634860544 ⚡️The plane with Nancy Pelosi took off from Andrews Air Force Base. The speaker plans to visit the island of Taiwan. To protect her, the US …

READ MORE

Consumer Sentiment Remains Very Depressed (University of Michigan Sentiment Index Rises Slightly To A Depressed 51.5 While Buying Conditions For Housing Rose Slightly To A Depressed 47.0)

by confoundedinterest17 “A recession is two quarters in a row of negative growth.” — President Clinton, Dec. 19, 2000 My former colleague at Deutsche Bank, Joe Carson, said recently that the US economy is not in a recession, but corporate profits are …

READ MORE

El-Erian: Will the Fed pivot or not?

Bloomberg, Released on 7/29/22 Mohamed El-Erian, a Bloomberg Opinion contributor, says the “zip code” for the Federal Reserve to achieve its so-called neutral rate will be higher than this week’s 75-basis-point interest-rate increase achieved. “My own instinct is that the …

READ MORE

On The Modern Obsession With “Optics”

by Chris Black You know who had great optics? Ronald Reagan. And Reagan could not be elected in today’s increasingly post-television media environment. Reagan was popular because he was great and likable on TV, but his actual policies polled poorly …

READ MORE