Written by Mish and Forrest
Monday the tech sector (SMH) and biotechnology sector (IBB) held as the other sectors of the Economic Economic Modern Family failed to hold their gaps.
Similarly to SMH, the only major index to close green …
Written by Mish
This past week, we saw the market peak in some areas, while others look more like a healthy correction in the works.
The weakest area and one that we wrote about last Wednesday is the reversal top …
There have been many stimulus bills that have been denied, pushed off and almost forgotten about since the initial March selloff.
This time was supposed to be different, since its key purpose was to be a condensed plan in order …
Weekly chart PHO
Written by Mish and Forrest
California Water futures have been added to the list of tradable commodities.
Historically commodity futures contracts were first created as a way for farmers to hedge against fluctuating crop prices.
If someone …
Written by Mish and Forrest
The current market situation shows a quick attempt to push a smaller stimulus bill by the end of December before eviction protection and unemployment benefits end.
If failed it could potentially leave as many as …
Written by Mish and Forrest
In the past couple of weeks we’ve talked about the rise of oil and gas exploration (XOP).
Friday, (XOP) closed with just under an 8% gain for the day.
It’s recent break over the 200 …
Written by Mish and Forrest
In Santa Fe New Mexico we awoke with freezing temperatures and fresh snow.
This week the state lifted the current lockdown with restaurants now being able to serve at 25% occupancy outdoors.
I can hardly …
Written by Mish and Forrest
Those of you who are new to the Daily, you probably noticed the references to the Economic Economic Modern Family.
Mish developed one index and five sectors as the nucleus of the Family to help …
Written by Mish and Forrest
Today Bitcoin (BTC) passed it’s record high as certain members of the Economic Moderns Family digest their recent gains.
Cryptocurrency as an alternative currency has pushed for widespread acceptance since the launch of the first …
Written by Mish and Forrest
As we head into the Thanksgiving holiday here in the U.S., we cannot help but think how grateful we are in the midst of so much stress.
For starters, we are grateful to you-our folks …
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