Rate Hikes to Rate Cuts in 3-days
Hey There Income Hunter, The Fed continues to use its army of dealers to massage the markets and calm any storm that erupts. When J-Pow and Co.want the market to go lower, they send out their No. 1 pawn Goldman Sachs to talk about 8-10 rate hikes this year. Then when the market goes down […]
Fade the Rally in High Yield ETFs
Hey There Income Hunter, All of sudden the Fed forecasts much lower inflation in the years ahead and the market is bullish? Isn’t this the same Fed that had a forecast of 2% inflation at the end of 2021 when it was actually 3.5%? Investors want so badly for the Fed to be right. No […]
The Fed’s Subtle Hint
Hey There Income Hunter, The Fed has an incredible way with words … Unfortunately it’s not very good with numbers. Which is kind of a problem. Yesterday, the Fed made a slight revision to its tightening process as it revised projections for their preferred measure of inflation – personal consumption […]
Recession is Landing Like a Lead Balloon
Hey There Income Hunter, Recent economic numbers have been shockingly bad. Just check out yesterday’s housing starts … The combination of high prices and a doubling of mortgage rates since last fall has made home ownership less affordable for a lot of would-be buyers. The slowdown in sales boosted the inventory of new homes on […]
Bullish Case Building for Gold
Hey There Income Hunter, This spring, when US sanctions were placed on Russia and its foreign reserves were frozen, Vladimir Putin came up with a brilliant plan … The Russian strongman offered all friendly trading partners the ability to exchange 5,000 rubles for one gram of gold. OK. So what? You […]
Powell Will Be Forced to Soften his Tune
Hey There Income Hunter, Regular Power Income readers knew Powell’s hawkish act would have to come to an abrupt end … Well, last week’s consumer discretionary plunge was exactly the kind of shocking data that will force J-Pow to pull back the reins on tightening. A weak retailer signal was given in Walmart’s earnings on […]
The Retail Train Wreck
Hey There Income Hunter, Target (Ticker: TGT) stock is down more than 30% year-to-date. Who’d a thunk it? Not Target CEO Brian Corne, who said this … “While we anticipated a post-stimulus slowdown in these categories and we expected the consumer to continue refocusing their spending away from goods and into […]
Nothing New From Fed Bozos
Hey There Income Hunter, On a day when retail sales and industrial production showed some positives for the it was the usual FedSpeak that dominated headlines … Three Fed talking heads spoke a lot about nothing so the dollar, stocks and bonds all corrected from their recent trends. Bullard was first off the blocks pre-opening […]
Why Is the Ruble Soaring?
Hey There Income Hunter, The G7 leaders may be pounding the table on plans to eliminate Russian energy use, but the truth is Germany and Italy are buying gas in rubles. Even German Chancellor Scholtz says he is against cutting off gas imports from Russia as he was quoted in a Bloomberg article […]
Does This Rally Have Legs?
Hey There Income Hunter, Last week may have provided a brief relief to the equity meltdown but I don’t see this as anything more than another bear market rally. Let’s put all the ingredients of this financial market toxic cocktail together and see what we have: Fed is hiking into a $15T crypto meltdown Bank […]