Markets have been a bit shaky this week as the data seems to indicate that the Fed won’t be able to cut as quickly as some had, in hindsight, unreasonably expected or hoped. We are still sitting with the ES above 5,070, even as rates seems to me stuck in a much higher for longer prognosis, which is only made possible because of the underlying strength of this economy and earnings.  The 10 year yield is currently at almost 4.6%.  Our Tesla short has worked out well so far, but keep your stop in place as we all know anything...

Markets have continued higher, even with yields rising back to higher levels and a strengthening dollar in recent months. You can see from the charts below how yields bottomed out at the start of the year, correlating to the DXY reaching almost the 100 level. Since the start of the year, this market has plowed higher, even with rising yields, the Fed pushing back cuts, and a strengthening dollar.  Earnings and a strong economy have proven so far they can handle higher yields for longer, and the stronger dollar that comes along with such a scenario, although we saw quite...

This market is on fire with a hot jobs number this morning. It appears as if the market is ok with higher yields for the time being if the economy can handle it, which all signs seem to appear is the case. TSLA, on the other hand, is a mess. I've been talking about on my program that TSLA could have a severe multiple compression at some point in the near term, and the entire EV market has a huge demand problem. We are going short TSLA with the Direxion 1:1 TSLA Bear ETF. Direxion is a sponsor, but that doesn't...

  Markets have turned to the downside today, as we have the VIX spiking and fear finally coming into this market. Gold may be just at the start of this real run, and you may have some real time here. Things look dicey today, but we are still sitting at market highs, Gold is just above its consolidation area that it sat at for the last 3.5 years ago, and yields are sitting at about 4.31% for the 10 year.  I will have another update tomorrow as we see how this market finishes today and opens tomorrow. Stay tuned for...

Futures are lower this morning, as the market has pulled back a bit from its spike higher last week following the Fed announcement on Wednesday. Gold is higher, with some dollar weakness and yields essentially flat with the 10 year sitting at 4.22%. We get some Fed speak this week kicking off today. Markets are closed on Friday for Good Friday. We get the Fed's preferred inflation gauge out on Friday with the market closed, with core PCE coming out when the market will actually be closed. Boeing CEO is finally out of his job, and that stock is getting...