August 28, 2022 Friday’s sharp 1,000 point decline was triggered by Fed Chairman Powell’s brief, but pointed, “inflation fighting”comments at the annual Jackson Hole, Wyoming economic meeting of the world’s financial elite. Fighting Inflation was job number one, for the Fed at this time, said Powell, even if it leads to some short term economic…… Continue reading At The Top?
Month: August 2022
Storm Ahead?
August 24, 2022 The recent weakness in many speculative stocks and Bitcoin, together with the continued statements from the Federal Reserve that “fighting inflation” is their top priority, should send strong warning signs to all investors, that difficult economic conditions are ahead. At first glance one would think this would benefit Banks, as they can…… Continue reading Storm Ahead?
Turning Point?
With a down day on Friday, 8/19/2022, the weekly upside trend for the stock market has been broken. Is this just a just a temporary pause in the five week uptrend that has recaptured almost 50% of the market’s 2022 decline, or something more significant? Although this is not investment advice, I would suggest that…… Continue reading Turning Point?
Has Inflation Peaked?
August 9, 2022 Looking at the uptrending stock market the past 6 weeks, one would think that with two, or three interest rates hikes, the Federal Reserve has put the recent inflation concerns to rest. We will shortly get a new inflaton reading and maybe the Wall Street Bulls will use it spin a positive…… Continue reading Has Inflation Peaked?