“The old gray mare, she ain’t what she used to be,Ain’t what she used to be, ain’t what she used to be,The old gray mare, she ain’t what she used to be…” (American Folk Song, Author Unknown) As I sit here today on Friday morning, it appears, by all accounts, that Wall Street will end…
Here’s the current standing via a few charts. First, the S&P 500™ via 15 minute increments as of the close yesterday (Tuesday). To wit: The above is an updated version of my ongoing. What I’ve added are the two blue lines to see if the machines are now going to reference these in the quest…
Humpty Dumpty sat on a wall.Humpty Dumpty had a great fall.All the king’s horses and all the king’s menCouldn’t put Humpty together again. -Old English nursery rhyme It is now clear to even the casual monetary observer that both the Federal Reserve’s current monetary policy, along with its chairperson’s (Jerome Powell) staunch rebuttal to the…
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