The Tilt-A-Whirl is a flat ride used at amusement parks, fairs and carnivals.
It is a platform-type ride with several freely spinning cars which are attached at fixed pivot points on a rotating platform.
I am not a huge fan …
I have been very clear about waiting for the “inside” sectors to reconcile their trading ranges before loading up on new equity positions.
I have been equally clear on investing in hard assets, especially now as we have even more …
Nice timely call on Occidental Petroleum from last night’s Daily?
So, let’s move on to volatility as we start October or Rocktober.
And things are certainly rocking, making me feel all late 1970s all over again.
Eerily the port strike …
It is no secret that Warren Buffet, who has sold a lot of shares in Bank of America and Apple, continues to hold Occidental Petroleum.
With the most recent $435 million purchase in June, Berkshire Hathaway now owns about 28.8% …
I’d say “if the Economic Economic Modern Family could speak..”
However, they can, and they do.
And what are they saying after a week of China flying, metals rallying, yields and dollar flattening, natural gas bottoming and oil prices dropping?…
Instead of falling after the Fed lowered rates, the 10-year and 20+ year yields have risen.
This seems incongruous given the dovish Fed talk.
However, a lot of the cuts were baked into the bonds ahead of the announcement.
How …
Today was a big day for China stocks and ETFs.
The PBOC cut its reserve requirement ratio to the lowest level in 4 years, as well as trimmed its main short-term interest rate.
The package included measures to lower overall …
Written last week, “Granny Retail XRT continues to have my attention. I will follow her. Over 80 I am all in on a bull run in equities. Under 70, I am cautious, if not bearish, in equities.”
I wrote this …
After a very busy week and a Fed pivot, this is a good opportunity to step back and examine the performance of the Family.
We will also look at Bitcoin, 2 commodity index funds and long bonds.
The intent is …
Are we over the hump?
Those of you who do not look at X, here is a great summary of today’s FOMC by the Kobeissi Letter:
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