Aug 12, 2022 By Steve Blumenthal "U.S. consumers were soaking up all the cheap stuff the world had to offer: the asset rich, benefiting from decades of QE, bought high-end stuff from Europe produced using cheap Russian gas, and lower-income households bought all the cheap stuff coming from China. [...]Read More >

By Steve Blumenthal August 11, 2022 S&P 500 Index -- 4,207 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

Aug 5, 2022 By Steve Blumenthal "MP3 reflationary policies injected massive amounts of money and credit into economies, leading to self-reinforcing high nominal growth, leading to self-reinforcing inflation, leading to an abrupt shift in market discounting from a benign monetary policy to a [...]Read More >

By Steve Blumenthal August 3, 2022 S&P 500 Index -- 4,070 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

July 29, 2022 By Steve Blumenthal “The Yellen Fed was peak Fed. Peak, not in the sense of maximum balance sheet expansion, but in the sense of maximum faith and maximum zealotry that the Fed’s three toolboxes—short-term interest rates, balance sheet operations, and communication policy—could [...]Read More >

By Steve Blumenthal July 28, 2022 S&P 500 Index -- 4,070 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

July 22, 2022 By Steve Blumenthal “Because most everyone wants most everything to go up and because there is a drug called credit that produces both upswings and a byproduct depressant called debt, there is a cycle of accumulating debt liabilities and debt assets that is followed by the reducing [...]Read More >

By Steve Blumenthal July 22, 2022 S&P 500 Index -- 3,948 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

July 15, 2022 By Steve Blumenthal “From 2008 until recently the Federal Reserve and other central banks kept interest rates abnormally low. They did this because it is the time-honored central bank playbook. Make borrowing cheap and you can generate the kind of economic activity that spurs [...]Read More >

By Steve Blumenthal July 14, 2022 S&P 500 Index -- 3,771 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

July 8, 2022 By Steve Blumenthal “We’re now on a path to raise rates half a percent at a time until rates reach an arbitrarily determined, neutral level of around 2.5–3%. This gentle response is akin to trying to clear out your snow-covered driveway with an ice cream scooper.” – David Einhorn, [...]Read More >

By Steve Blumenthal July 7, 2022 S&P 500 Index -- 3,895 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return investors [...]Read More >

July 1, 2022 By Steve Blumenthal “Adjusting for inflation, first half S&P 500 down 25-26%, NASDAQ down 34-35%, Bitcoin down 64-65%. That was multiple compression, next up earnings compression so maybe halfway there.” – Michael Burry @MichaelJBurry If quantitative easing helped the stock [...]Read More >

By Steve Blumenthal June 29, 2022 S&P 500 Index -- 3,819 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

June 24, 2022 By Steve Blumenthal “Do not, do NOT invest in the present; the present is not what moves stock prices, change does.” “It's not about whether you are right or wrong, but about how much you make when you are right, and how much you lose when you are wrong.” – Stanley Druckenmiller, [...]Read More >