Jump to content

The News They Didn't Like Today - 2/16/23


Recommended Posts

Was it this? How Bears Could Take Charge This Week February 13, 2023

I honestly don't know. I'm writing a report on who's drawing down the Strategic Cash Reserve, and I name names. 

That's coming up within the hour. 

Meanwhile, I can't make sense of these gyrations. Constantly failing triangle breakouts are not normal. Maybe this is a manifestation of AUI taking over stock trading. That's Artificial Unintelligence, which is basically what Wall Street has always been. Now they just turn it over to the robots and let them mismanage it. 

All that I can say from this garbage is that 4095-98 is sport, and a 4 day cycle low is due. But the rest of the chart is gibberish. 

tvc_a78faeebf7af668166e5dd553d20ecd0.png (1588×828)

 

For moron the markets, see:

If you're serious about the underlying forces of supply and demand that drive the markets, join me!

If  you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder 

Link to comment
Share on other sites

  • Replies 22
  • Created
  • Last Reply

The markets feel artificial to me, not making much sense... not that they have to... but still...

Could this all be algo driven, computers buying and selling shares back and forth walking the prices higher?  If so, it may end in an avalanche in selling when it all reverses on some programmed trigger.

Link to comment
Share on other sites

Eccles, we have a problem.  Core Producer Prices, FInal Demand Finished Consumer Goods appears to be leveling out at a 7% annual rate. If so, that's a problem. 

image.png

And looking at the compound annual rate of change (below), it looks like an even bigger problem as it seems to have reversed from disinflating, to dysentery. 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...