Are You Kiddin' Me! 8/6/21

[DrStool]

Maybe they're finally going to break out of this range. If they do, we'd be looking at a 5 day cycle projection of 4465.

At least. 

It's also trend resistance. 

No doubt, breaking through 4430 would trigger a bot stampede. Question is how long it would last. Second question, would it immediately reverse and collapse in on itself. 

Supernovas eventually become black holes. 

 

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Meanwhile, here's the big picture.

US Economy Just Went Over a Cliff

Closer Every Day

Chart Picks – Trading Range Death Trap Yields Two Picks

 

And a QE update. 

Here’s How Fed and Treasury Colluded to Delay Armageddon Due Date

 Here's a freebie on my reaction to what the Fed did last week. 

Fed Finally Starts the Standing Rippo Farcility

Edited yesterday at 10:36 AM by DrStool

[DrStool]

Wage inflation is now 4%, centered in a 6 year trend toward higher inflation. 

 

Meanwhile, housing inflation is 23.4%, according to NAR MLS national median sales price. 

And the Fed wants us to believe that the CPI now at 5.4%, is transitory.  If CPI included actual house prices and not that bogus owner's equivalent rent. It would be 10.4%, not 5.4. 

And guess what. The severely lagged and suppressed OER measure will spend the next couple of years catching up to the actual market. It will keep rising even after inflation abates somewhat.

Assuming that it does in our lifetime. 

[DrStool]

4 hours ago, DrStool said:

Maybe they're finally going to break out of this range. If they do, we'd be looking at a 5 day cycle projection of 4465.

Confirmed. 

[Mkucstars]

We have infrastructure! Finally repaving the back street in my development that's needed it for the last 5 years. I'm shocked!

[Mkucstars]

They've been through twice putting patches on top of patches

[Mkucstars]

Not exactly liftoff. Priced in? Surely can't trust those numbers if tax receipts are down. Who do they think they're foolin? Wherever it takes I guess.