The S&P 500 came within 11 cents of 5,000 yesterday, marking a remarkable 43% run since the October 2022 lows and 22% return since the October 2023 lows. The month of February has a mixed track record over the past 10 years, with gains and losses evenly split. Stocks frequently pause at big, round numbers … continue reading →
Tag Archives: central banks
Charts often explain the market’s moves in a way that data can’t. If I’m a central bank, market maker, large hedge fund or bank trying to protect its long book, I’m gearing up to slam VIX down below that dashed red trend line. Depending on who’s pulling the levers, it might or might not be … continue reading →
GC soared over $1200/oz since losing 30% in sympathy to the global market meltdown in 2008. Most of that rise took place in an acceleration channel. In the past year, however, the most prominent pattern has been the descending triangle (purple, dashed.) Continued… … continue reading →