Over the weekend I wrote about the July 6-month calendar range reset happening this week!
Our inside sectors of the US economy, small caps, retail and transportation all stopped at the January 6-month calendar range high and never cleared.
Semiconductors …
First some facts about the July Calendar Range
The July Pattern
The Six-Month Calendar Ranges
With FOMC minutes published today, most Fed members eye rate cuts this year, but are split on what are the next steps.
One must cynically wonder which of the members are eyeing Powell’s job.
President Trump has made no secret …
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Every day, I break down the market. Now you can follow the trades, setups, and rotations I’m tracking in real time. You will also be able to chat 1:1 with me. Use code Mish30 …
First, I have news!
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Mark …
Welcome to the end of the second quarter, and new all-time highs in the S&P 500.
Is this us climbing the wall of worry?
Yes, indeed as the retail sector lags behind even further.
However, XRT remains above critical support. …
Given how difficult it remains discerning between disinflation and stagflation, Friday’s economic status and price action did little to clarify definitively.
To sum up:
Disinflation or stagflation.
Evidence of both right now and can really go either way.
Evidence for …
Given how loosely all the title terms are used, let’s start with the definitions of each.
A war in the Middle East can have significant and multifaceted impacts on the United States.
Typically, oil and gas would have the biggest impact with threats of supply disruptions.
However, the oil market, while higher from earlier in June, …
Even before the Israeli/Iran crisis, oil was on our radar and in our portfolio over $62 a barrel.
Shale oil supply could be peaking.
Rig counts were down for weeks.
US withdrew nearly 11 million barrels from the reserves.
Producers …
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