Our Loathesome Foes

Fri, Oct 15, 2021 - 10:33am

The Evil Ones. The Forces of Darkness. The Evil Empire. The Banking Cartel. We've called them many names over the years, all of them appropriate. And today, they struck back right on schedule, in their desperate effort to maintain the 2021 downtrend.

How many times have we seen this now? Is this Massive Red Candle #28 or #29? Frankly, I've lost track. But let's start today by reviewing three charts from the past 24 hours. First, this from Wednesday's podcast showing the sharp and immediate reversal on September 7, right after CDG had broken above its trendline on September 3....

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Key Economic Events Week of 12/6

12/7 8:30 ET US Trade Deficit
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 10:00 ET JOLTS job openings
12/10 8:30 ET CPI
12/10 10:00 ET UMich consumer sentiment
12/10 10:00 ET Five-year inflation expectation

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