This past week, we saw the Gordian Knot tied tighter.
As far as the events of the past week and fundamental news review-I am leaving that to my esteemed colleague Donn Goodman to cover in the content area of the …
SUMMARY OF FED DECISION (Kobeissi Letter)
Yesterday’s Daily mused about what will untie the Gordian Knot holding back the market from either crashing or rallying.
While we wait, it feels like a great time to plan for future trades.
I have been all over the “Vanity” …
A Gordian Knot comes from Greece during Alexander the Great’s march.
It has become a metaphor for a problem solvable only by bold action.
Every investor is waiting for the next stat and the next stat.
Each one is perceived …
While we never profess buying a falling knife, we do believe that the metals are probably setting up for a buyable dip this coming week.
Why?
Looking at the fundamentals, it seems nothing has significantly changed.
The news story that …
On June 3rd I recorded a 20-minute video for StockchartsTV.
The thesis is to explore whether we are at the beginning of a market correction or gearing up for a summer rally.
Interestingly, I start with the Granddaddy of the …
On March 26, 2024, I wrote a Daily called, “Last Night I Had a Crazy Dream-Swiss Franc”
In the blog, I mentioned that,
“I literally woke up to the words “Swiss francs.”
So here I was at 4 am, checking …
After a huge down move that began in December 2021, the long bonds or TLT has had a few shallow short-covering rallies,
but not much more than that.
The “higher-for-longer” for interest rates narrative, coupled with higher inflation and the …
GDP showing a slowdown of the consumer. However, consumer spending, like so many things in the macro right now, is nuanced.
While some stores suffer poor earnings like Kohls, TJ Maxx thrives.
While people spend more on what they need …
Once again, while semiconductors roared to new highs, Transportation as seen through IYT the ETF, sold off.
Retail XRT closed marginally green after better than expected consumer confidence data.
Regional Banks fell closer to the critical levels of support.
Biotech …
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Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
