Will J-Pow Flinch?
Hey There Income Hunter, We have a huge week ahead. I’ve said many times in the past few weeks that once the Fed pulls another 180 and flips back to QE – just as it did in December 2018 – watch gold, silver, and the miners shoot higher. I initially felt the Fed would […]
Dollar Reverses on China & Russian News
Hey There Income Hunter, Of all the macro forces driving the markets, the US dollar is THE signpost to watch … The dollar is still considered a safe haven because many of our global trading partners use it in exchange for goods and services. Yet, as of late, many developed countries – including China, Russia, […]
King Dollar Adds More Problems for the Fed
Hey There Income Hunter, Yesterday’s first quarter -1.4% GDP is the type of news that shows the pain points of a strong dollar … A strong dollar means foreigners must pay higher prices for US goods relative to their own… That creates the trade deficit that increases our debt burden. With the […]
Chinese Yuan Devaluation Adding to Volatility
Hey There Income Hunter, China has been forced to devalue the yuan due to the Japanese yen plummeting 12% against the yuan year-to-date. The People’s Bank of China (PBOC) was not happy and finally had to do something about it. At the same time the severe lockdowns in China are tanking economic forecasts across Asia. […]
How Does Powell Feel Now?
Hey There Income Hunter, Jerome Powell and co. may have bullied the market a bit too much. After leaking 50, 50, 50 re: rate hikes – then whispering 75, 75, 75 into the ears of their favorite pawns on Wall Street meltdown has ensued … Meanwhile, the only pullback on the market pricing for the […]
The Secret to Understanding Option Flows
[kc_row use_container=”yes” _id=”631548″][kc_column width=”12/12″ video_mute=”no” _id=”9458″][kc_column_text _id=”348868″] Hey There Income Hunter, Last year, for the first time in history, option volume surpassed stock volume. In total, buying and selling volumes in option contracts have quadrupled over the past five years according to the CBOE. I mean who wouldn’t want to buy control […]
The Fed Wins: Everyone Wants OUT
Hey There Income Hunter, Jay Powell may have fooled some of the investors some of the time, but on Friday portfolio managers had enough and began liquidating truck loads of stock. The net effect of earnings results last week were worse than expected – a prediction I made about Q2 2022 months ago – and […]
Critical Signposts as FOMC Hype Builds
Hey There Income Hunter, Volatility fueled by the Federal Reserve and the fear of missing out (FOMO) will be a recurring theme this year as the market continues to price in more rate hikes each week. Yesterday’s rise in interest rates was due to continued tough talk by Fed chairman Jerome Powell for […]
Fed Survey Crushes Stocks
Hey There Income Hunter, Another speech by Jerome Powell and another stock crush. The trouble started early when the Philly Fed manufacturing survey plummeted to 17.6 versus 21.9 expectations. The barometer on new orders fell to 17.8 in April from 25.8 the prior month. And the shipments index dropped to 19.1 from 30.2. These were […]
China Supply Chain Breakdown
Hey There Income Hunter, Supply chain breakdowns in Shanghai due to the lockdowns are an issue for global growth since Shanghai accounts for 15-20% of China’s GDP Plus suppliers to Apple and Tesla located there … The CEO of JD.com Inc. (Ticker: JD) had this to say about the situation: “Our […]