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Power Income

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October 22, 2022

Stocks Spike on Fed Leak of Policy Shift

Hey There Income Hunter, Nick Timiraos of the Wall Street Journal is widely recognized as a Fed whisperer, and he may have telegraphed a shift in Fed policy in a report published yesterday. In the article, Timiraos wrote that Fed officials are targeting a .75% rate hike at the FOMC meeting on Nov. 2. He…

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October 21, 2022

Fed Forecasts Another Month of CPI over 8%

Hey There Income Hunter, The trend of high inflation looks set to continue for a couple of more months,  according to a hot-off-the-presses estimate by the Federal Reserve Bank of Cleveland. This is not good news for financial assets. Already tight financial conditions have yet to feed through the financial system so additional tightening will…

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October 20, 2022

Timing the Midterm Bounce

Hey There Income Hunter, The stars seem aligned for the stock rally heading into the midterm elections …  In the next couple of weeks, we will get the EU (Oct. 27), Fed (Nov. 2), and Bank of England (Nov. 3) policy meetings, with each body expected to raise rates a minimum of .75 basis points. …

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October 19, 2022

Housing & Apple Snuff Powerful Rally

Hey There Income Hunter, In spite of an awful home builder confidence report and Apple cutting iPhone production, the technicals continued to support SPY for the second day on Tuesday. After a gap opened that failed right at strong resistance around the SPX 3750 level, the market had to contend with a National Association of…

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October 18, 2022

The (Not So) Great Britain Capitulation

Hey There Income Hunter, If you weren’t aware, the UK is now imploding politically and economically. They decided not to join the EU and Japan in some form of yield curve control (YCC). For a quick review, YCC is when a central bank prints money to buy its government’s debt from the public markets to…

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October 17, 2022

Option Volume Makes a New ATH!

Hey There Income Hunter, Last week was one for the record books. On Thursday, global markets reached a new all-time high of more than 53 million contracts. Thursday was only one of five days in the past 30 years that the S&P 500 went from down more than 2% to finishing up more than 2%. …

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October 14, 2022

CPI Disaster for the Fed

Thursday’s consumer price index (CPI) report was a massive negative surprise. Headline CPI rose 0.4% month-over-month (double expectations), and hotter-than-expected 8.2% over last year. Core CPI is now up for 28 straight months, soaring to +6.6% year-over-year – the highest since August 1982… Under the hood, food and shelter jumped notably, despite energy drops, but…

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October 12, 2022

Did Lael Brainard Shift Fed Path?

Tuesday was a quiet day, but a dovish speech by Lael Brainard may have been overlooked due to the huge CPI number coming on Thursday … One headline that caught my eye was … BRAINARD SEES TENTATIVE SIGNS OF SOME REBALANCING IN THE JOB MARKET Brainard also said, “We are also very aware that the…

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October 11, 2022

The Fed’s Next Step

The Fed may be getting ready to kick the can down the road. It does not, in fact, appear as they are ready to make a jump back to QE quite yet. However, with the bond volatility index (MOVE) up near the 150 area, leaders have hinted at using an exemption of the bank regulatory…

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