The 23-Month Moving Average “Tell” for 1st Quarter

Mish Schneider | March 29, 2023

We have written lots of Daily’s, not to mention, talked a lot about on media, the significance of the 23-month moving average.

Here are some past comments:

What has happened in the last 2 years? A bullish run in 2021 …


Why Buy DBA: Agricultural Fund ETF?

Mish Schneider | March 28, 2023

Last week I tweeted:

I believe the #commodities prices in food softs $DBA have bottomed. $GLD-well those who know me-that I pointed out bottomed months ago. $SLV now outperforming. That tells you something. Maybe even #oil. Get ready for the …


Keeping Up with 3 Key Ratios in a Trading Range

Mish Schneider | March 27, 2023

Friday:

Monday:

Over the weekend, our Daily covered 3 key ratios to help decipher the market action and the prevailing macro theme for the economy.

We started with the one between long bonds (TLT) and the S&P 500 (SPY).

All …


Art and Science: 3 Key Ratios in the Markets

Mish Schneider | March 26, 2023

One of the best questions I got asked this week was how I can be long gold and long semiconductors at the same time?

Simple answer.

We love to take a position based on the macro which is why gold …


2 Big Signs of Stagflation

Mish Schneider | March 22, 2023

The Fed raised rates 25 bps The decision was unanimous.

The terminal rate projection is unchanged at 5.1%

FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.”

My first tweet @marketminute this morning before …


Market-What About the China/Russian Brah-Fest?

Mish Schneider | March 21, 2023

The market buzz can be quite contagious.

“Market didn’t collapse on the bank news-must be bullish.”

“Yellen will save the day buy making sure depositors are safe.”

Yellen herself- “We have an economy that is performing very well.”

And of …


Where is the Market Finding Joy?

Mish Schneider | March 20, 2023

Is it here in the Russell 2000 (IWM)?

Check out the weekly chart.

The 50-week moving average just crossed below the 200-week moving average.

That is bearish.

The Leadership Indicators shows IWM well underperforming the SPY

Bearish

The Real Motion …


CHAOS-Insert Headline Here-BUY #GOLD

Mish Schneider | March 19, 2023

When we wrote How to Grow Your Wealth in 2023 we began with

Chaos

Trying to fit a square peg into a round hole.

Looking for Inflation in All the Wrong Places

Could we have known at the time what …


Small Caps and Semi’s-Their 2 and 7-Year Business Cycles

Mish Schneider | March 15, 2023

From our How to Grow Your Wealth in 2023 we featured the projections for the Economic Economic Modern Family.

We begin with the Granddad of the Family-Russell 2000 (IWM), In December 2022, we wrote this:

“The Russell 2000 IWM is …


Silver, Gold and Miners

Mish Schneider | March 14, 2023

Folks are calling the FED opening swap lines on the entire US Banking deposit base to the tune of $17.6 trillion as QE infinity.

Moody’s cut its outlook on the banking system to negative, saying that it is a rapidly …