Economic Modern Family-Let’s Get Technical!

Mish Schneider | June 18, 2023

Focusing on the Economic Modern Family, the weekly charts will help us see who is doing what, why, and perhaps help us understand, for how long.

Granddad and Grandma Russell and Retail are the matriarch and patriarch of the Family.…

Speaking of AI-A Look at Our Alpha Rotation

Mish Schneider | June 15, 2023

Those who read our Daily and follow us on the media know that we talk a lot about risk gauges.

The big focus for me personally is the relationship between the S&P 500 and the long bonds.

The other 2 …

Fed’s Victory Lap and Next Steps for the Market

Mish Schneider | June 14, 2023

What we heard from the Fed and FOMC on Wednesday:

  • Unanimous
  • Holding Rates Allows FOMC To Assess Additional Data
  • Tighter Credit Likely To Weigh On Activity
  • 2023 Unemployment Seen At 4.1% Vs 4.5%
  • Median Rate Forecasts Rise To 5.6% End-`23,
    • …

    A Foray into Currency Pairs

    Mish Schneider | June 13, 2023

    Teaching an old dog new tricks means that the tricks might be new, but the notion of doing tricks is familiar.

    Case in point-currencies and trading currency futures.

    We have traded ETFs UUP and FXE (dollar and Euro) in the …

    It’s Not Just About Small Caps-Look Here Too

    Mish Schneider | June 12, 2023

    Last week I was listening to an analyst talking about small caps.

    He basically poo-poo’d their importance and therefore influence on the overall market conditions.

    Now, this is our Granddad Russell-the representative of stuff made in the USA.

    He went …

    Major Investing Themes Upcoming

    Mish Schneider | June 11, 2023

    Looking at the monthly charts of the four major indices, all but the Russell 2000 as we hit mid-June, trade above their 23-month moving average.

    Thus far, this is in line with our prediction that by the time IWM hits …

    Vietnam and the U.S. Widening Trade Deficit

    Mish Schneider | June 7, 2023

    The U.S. trade deficit widened to a 6-month high and by the most in 8 years.

    That means that we imported way more goods while our exports declined.

    Now, we don’t like to use one economic stat as the end …

    Some Trading Pairs to Think About Right Now

    Mish Schneider | June 6, 2023

    Just like the entire month of May when folks were saying “Sell in May and go away,” not us..

    We were telling you that the Big View  Risk Gauges were all pointing to risk on.

    However, before that, on March …

    If It Weren’t For These 7 Stocks….

    Mish Schneider | June 5, 2023

    Apple, Nvidia, Meta, Alphabet, Microsoft, Amazon, and Tesla have now been penned as the “Magnificent 7.”

    Only around 25% of the S&P 500 stocks have outperformed the benchmark, while these stocks continue to show massive leadership.

    The Nasdaq is up …

    Soft Landing? Retail Sector Gets up and Boogies

    Mish Schneider | June 4, 2023

    Last week we asked, “Can the Retail ETF XRT hold here?”

    We wrote that the Consumer Sector ETF had some words for you.

    To summarize:

  • The test of the 80-month MA (green and price 56.24) on the last day of
    • …
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