Pro Trader Latest Reports for Subscribers

Waiting For The Other Shoes To Drop

The Fed’s balance sheet and US banking indicators remain in the calm before the storm. Or to borrow another cliché, we’re waiting for the other shoes to drop. There are two of them. One will be when the Fed commences actual balance sheet reductions. The other will be when Congress raises the debt limit.  Those two events will signal the…

Charts Still Not Looking Good For Bears

The down phases in the 6 and 10-12 month cycles have only manifest as slowing upside momentum as prices have continued to trend higher. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet a subscriber? Try the Market Update Pro risk free for 90 days If, within…

Where Did All The TLTRO Go?

We keep seeing reports that economic growth is breaking out in Europe. Wall Street in recent months has been touting “undervalued” European equities. Undervalued compared to what? The hysterical valuations in the US? None of this claptrap squares with the ECB’s monthly data on bank balance sheets. From that perspective, the European economy remains dead in the water. Meanwhile the…

We Are Now Net Short But Watchful

Both 6 month and 10-12 month cycle indicators now suggest that the market is topping out. But there are caveats. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet a subscriber? Try the Market Update Pro risk free for 90 days If, within that time, you don’t…

Posts from Other Publishers

Doug Noland: New Age Mandate

A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra speech. You must have looked at the Fed experience of 2013. Is there any concern in the Governing Council that the so-called tantrum or a similar reaction can happen in the eurozone when you start discussing changes in your stance?

Meow

For all his blunders and stumbles in his first half-year as President (cough cough), Donald Trump seems to have more lives than Schrödinger’s Cat. Or maybe it just seems that way. Or maybe he isn’t really there at all

The Plural of Anecdotes Is Beige

As noted before, the Federal Reserve’s Beige Book collection of local bank district anecdotes are fascinating for all the wrong reasons. What is revealed is not the state of the economy, but rather the state of how policymakers perceive or often wish the economy was at various points. If the 2007 Beige Books are a…