The Macro View: Amigos Ride On

As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve’s flattening trend (Amigo 3). When our zany […]

Shut Happens

Well, it seems that our oh-so-useful, oh-so-effective Federal Government is out of money. Well, it’s massively insolvent already, but what I’m saying is that their pretend accounting has reached a point where they can’t spend any more FakeBux to keep the lights on. So about a million non-essential workers get furloughed (which begs the question […]

FRED Is Coming to SlopeCharts

It’s been relatively quiet in SlopeCharts-land lately, but that’s because the elves and I are hard at work on the latest new data release: the entire FRED database. This is a mountain of data, dwarfing anything I’ve ever worked with before. We are going to have literally hundreds of thousands of new charts that open […]

Getting Our Arms Around the Big Issues

Since everyone’s obsessed with the potential shutdown, let’s reflect a moment of the engines of government working right now. For instance – – although a $21 trillion debt and its suffocating interest is going utterly and completely ignored by every politician in the country………(and that doesn’t include unfunded liabilities): We here in California at least […]

Generational Opportunity for Upturn in Yield

We have been long the ProShares UltraShort 20+ Year Treasury (TBT) — the inverse, double-levered, longer-term T-bond ETF — in our MPTrader Model Portolio, expecting a downturn in T-bond prices in conjunction with a generational opportunity to capture the upturn in yield and interest rates after a 35-year bear market. Yes, “the turn” has become […]

Stretch Armstrong

As I type this, the House has passed yet another fund-the-government-a-few-more-days resolution, so now it’s up to the Senate. And when I look at the face below, I see a man of action. I see a man of strength. I see a man who will not compromise. Actually, none of that is true. What I […]

A New Trend?

For some reason, Alcoa is traditionally the first major company to announce during earnings season, and this was the result last night……. This evening, some bigger players are coming out. There’s IBM: ……and American Express: I suspect the bulls will counter that the massive tax cuts (e.g. reductions in corporate taxes funded by massively higher […]