Fed Walking Back Dovishness
Hey There Income Hunter, After last week’s close completed the best month for stocks since November 2020, the Fed sent Neel Kashkari to speak on Sunday’s Face the Nation to slow the rally down. The funny thing is, Kashkari is probably the most dovish member of the Fed, but he went on the show saying […]
The Skinny on the Inflation Reduction Deal
Hey There Income Hunter, DC was thrown into chaos last week when Senate Majority leader Chuck Schumer and Sen. Joe Manchin announced the Inflation Reduction Act of 2022. The Republicans were basically sucked into supporting the bill, which was spun as reducing inflation. Yet there has yet to be a reputable body […]
Reality Check on Powell and Economy
Hey There Income Hunter, Prior to this week’s Fed meeting, I wrote that I thought the Fed pivot back to quantitative easing would come by the end of September. Well, in the aftermath of the meeting, I think it may happen by the end of August. Part of the reason I say […]
Recession Arrived. The Market Loved It.
Hey There Income Hunter, It was like a parade came through town yesterday to put a positive spin on recession. The White House sent Biden out to hype up the “Inflation reduction Act” … Then they sent Janet Yellen to explain how the US is absolutely, no way in recession. The official recession report was, […]
Putin Cuts Euro Gas Flow to 20%
Hey There Income Hunter, Well, that didn’t take long … I wrote last week about how Vladimir Putin held all the cards and was setting up Europe for a shakedown. It doesn’t hurt that he’s received all the help he’s needed from China and India, with the duo scooping up as much […]
Powell Will Regret This Weeks Rate Hike
Hey There Income Hunter, Powell most likely already knows what is coming. Since the last rate hike in June, the economic data has gotten progressively worse. We will soon find out that the economy is in fact in recession, and Powell will hike rates 0.75% this week knowing that. Now if the […]
Bonds are Sending the Fed a Message
Hey There Income Hunter, One of the most important rules of trading is “bonds are a predictor and stocks are a reactor of economic growth.” This week was a perfect example, as the bear market rally in stocks extended its rise from last week … While bonds as measured by the US 10-year Treasury Bond […]
ECB Drank the Feds Kool Aid and Hiked .50%
Hey There Income Hunter, Make sure you’re signed up to join me for today’s live Fed Focus event. It is the last publicly available live session I will be hosting ahead of Wednesday’s crucial Fed meeting. Sign up here and join me at 1 p.m. ET. The European Central Bank (ECB) surprised the market by […]
Are Stocks Front Running the Fed Pivot?
Hey There Income Hunter, There has been a powerful turnaround this week after Monday when the S&P 500 (Ticker: SPX) closed down 2% and on the low of the day. The question now is will the market break the pattern of trending lower into Federal Open Market Committee (FOMC) meetings? Technically the market looks to […]
Is Putin Setting Up Europe?
Hey Income Hunter, Reuters reported yesterday that Russian gas flows via the Nord Stream 1 pipeline are restarting on time following completion of scheduled maintenance. This comes after headlines earlier this week that German politicians warned citizens to be prepared for blackouts, gas shortages and energy bills of 1,500-3,000 euros. This smells like Putin positioning […]