We are now very close to making the lows of 2022...though it's not like we should get any bonus points for stating the obvious. But we did warn in this year's macrocast that the lows for 2022 would come during the first third of the year and, since we're only going to be off by a few days, I...

With Friday's breakdown in the S&P, we worried that today would bring another surge of general liquidations where everything with a bid...and especially with a trading gain...gets liquidated in order to avoid margin calls in other sectors. And here we are.

And it's far from over....

It was a day of celebration for the for MrsF and I yesterday but it's back to work, doom and gloom today. You may think of me as a contrary indicator and that's fine. However, I'm beginning to feel like Sarah Connor and, if you know the movie reference, this podcast will make clear why I feel...

I don't even know what to say...but I managed to fill up 21 minutes, regardless.

At least it's Cinco de Mayo so, if you feel like it, no one is going to look at you sideways if you go out and get stinking drunk. And who could blame you? This is madness. Absolutely crazy.

So we...

The May FOMC has come and gone and, with it, any remaining sense of Fed credibility.

What a joke. What a painful joke. As your friendly host, it's always incumbent upon me to pay attention and monitor events like today's "press conference" and, what did I hear today? Not much, but this...