War Puts S&P Within Range of 4000 Target

The rumblings of war in Europe grow louder. Vladimir Putin’s decision to recognize the two breakaway provinces of Donetsk and Luhansk as independent territories adds to growing evidence of his determination to attack Ukraine. The… Read More

Blow-Off Top in Beans?

Soybeans started today’s session strong. Follow-through buying from yesterday’s bullish World Supply & Demand Estimate (WASDE) release sent prices right through last May’s $16.23 per bushel high with ease. The USDA reduced estimates for both… Read More

“Don’t Fight the Fed” Redux

“Don’t fight the Fed,” should be the operative rule in the S&P 500. Jerome Powell and Company signaled they were going to take the free-money punch bowl away. The told us they were going to… Read More

Capitulation or Collapse in S&P 500?

The S&P 500 is getting absolutely crushed as we write this 2 hours before the close on Monday. The CME E-mini futures just bounced from a low of 4212 – a decline of 4% from… Read More

Buying Opportunity in Bitcoin

Bitcoin tested and bounced from previous support levels at $40,000 on Friday. It followed through to the upside on Monday, closing above Friday’s high, and rallied again on Tuesday, closing above Monday’s high. This is… Read More

Don’t Fight the Fed

“Don’t fight the Fed,” has been a winning mantra since the Financial Crisis of 2008 / 2009. The Fed made stocks the only game in town when it lowered short-term interest rates to zero and… Read More

Covid Could Keep Lid on Crude Oil Demand

Get ready for Season 3 of “Covid Catastrophe,” the dystopian series that everyone is being forced to watch. Season 1 saw the virus invade the world, disrupt the global economy and kill millions. Science counterattacked… Read More

Aussie Dollar Is “Stealth” Inflation Play

Traders call the Australian dollar a “commodity currency” because its economy is heavily dependent on natural resources. Australia is the number 1 exporter of iron ore, the 2nd largest exporter of aluminum ores (as well… Read More