Neck Strain in the Dow

Mish Schneider | July 21, 2016

Open to many interpretations, this photo raises questions. The man holding the boy doesn’t look comfortable. The boy the man is holding balances an ominous message.

I chose this photo to illustrate the portentous message our Economic Modern Family has …


Big Pharma's Full Buck Moon

Mish Schneider | July 20, 2016

The type of full moon that occurred last night, July 19th is commonly known as the Full Buck Moon. It symbolizes the time of the year when a male deer or buck, starts to grow new antlers.

The Economic Modern …


Time Versus Price Market Corrections

Mish Schneider | July 19, 2016

Photo by JR Lancaster

These petroglyphs date back around 1500 years ago. However, they could just as easily have been drawn 150,000 years ago as drawn today. Why?

With hunters in pursuit, the herd mentality has both the antelope and …


The Russell 2000-Old Faithful Geyser or Old Geezer?

Mish Schneider | July 18, 2016

Typically situated near volcanic areas, geysers are fragile phenomena. When active, they can intensely spray hot water and steam. However, if conditions change, they can just as easily go dormant.

The S&P 500 and the Dow have already made new …


The Way of an Eagle: 6 Key Trading Lessons

Mish Schneider | July 17, 2016

While vacationing in Alaska, I pointed my camera up at this eagle in awe of how majestically it sat high on his perch, perfectly balanced.

As we ended last week, it is with the same awe I watched the S&P …


The S&P 500's Journey to Enlightenment

Mish Schneider | July 14, 2016

In past years I focused a lot on the comparisons between the market and the astrological symbols of the Chinese New Year. 2014 was the Horse, a year that saw gallops and bucks. 2015 was the Sheep, a year that …


Past and Future Between a Rock and a Hard Place

Mish Schneider | July 13, 2016

In the world of trading the island top pattern is as rare a site as is the multi-million year old Taughenbaugh mesa.

A classic example of mountain-top erosion, it was with the same eye we looked at the possible exhaustion …


When the Bond Sugar High Wears Off

Mish Schneider | July 12, 2016

The word “cake” and all it implies comes up a lot for me lately.

The market rewards corporate profits and investors by letting them “have their cake and eat it too.”

We see the 21st century version of people revolting …


Long Bonds: The Market Rainbow's Dead-End

Mish Schneider | July 11, 2016

Photo by JR Lancaster

Have the interest rates finally bottomed? If so, will that take the market’s somewhere-over-the-rainbow rally down a dead-end?

After closing last week on new all-time highs, this week begins with TLTs (20+ Year Treasury Bonds) closing …


Look Ma, 18,000 in the Dow and No Gremlin!

Mish Schneider | July 10, 2016

For roughly a year and a half to describe market conditions, I’ve borrowed and used a concept from two classic TV shows. The Twilight Zone’s Terror at 20,000 Feet and The Simpson’s Terror at 5 ½ Feet. Both episodes depict …