If that (severe money supply decline) wasn't enough, we now have the potential (if my man Bastardi is correct) for a massive cold wave developing on the energy front.
Message 19651733
I will use this period to distribute virtually all my large energy stock holdings and remaining PM positions. Depending on the timing of the next surge of IPOs, secondaries, and insider selling, I don't expect the stock market (and that includes energy, PMs, foreign, commodity related)to make it too far into February alive, and I have my doubts about January. It's interesting that since this TrimTabs 12-8 lagged comment,
Message 19634699
the fund inflows only clicked in at $6.6 billion for the last four weeks. And 45% of this went to non-domestic funds.
amgdata.com
That's way down. Insider selling (reported by Thomson) for the last week of December was over $3.0 billion, a remarkable number given that the assumption was they would wait until 04. When the supply comes later in the month, the market will be swamped. Biderman also believes $50 billion will need to be sold to pay taxes on 03 gains.
For early January watch the OMO number.
newyorkfed.org
Coming due:
Message 19649651
Bullandbear site hasn't been updating, but maybe will?
bullandbearwise.com
New AMG fund data comes out Thursday evening, and if it's another ho-hum $1.5 billion or less. Sentiment is already bearish.
sentimentrader.com
Will the bond market break down in early January? Are more rabbit pulls possible after the inflationary ISM report?
Message 19647381
Homebuilders are rolling over.
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G |
