by Rodger Malcolm Mitchell, www.nofica.com Because economics is a social “science,” it contains more bulls**t than a rodeo chute. The latest example is called “secular stagnation,” and wouldn’t you know it, right in the middle is the amazing Larry Summers, about whom you can read by clicking the link. Never heard of “secular stagnation”? Here is a description by […]

It appears the complete decoupling from economic reality of the so-called US equity ‘market’, combined with the collapse in a data-dependent Fed’s credibility – topics we have extensively covered – has reached the mainstream. Barron’s always-insightful Randy Forsyth exposes the ugly reality that this is a “Bullard” market and we are just living in it as the flip-flopping Fed […]

VIX began a rally from its Master Cycle low on March 18.  An aggressive buy signal (NYSE sell signal) may be made with a rally back above mid-Cycle resistance at 15.90.      (Barrons)  Lots of market-watchers are talking about the recent plunge in the CBOE Volatility Index (VIX).  The VIX, an options-based measure of market expectations […]

USD/CHF: The pair faces further weakness medium term despite its recovery attempts the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. […]

The US Dollar took a dangerous tumble through the first quarter, throwing into doubt the currency’s ambitions after more than four years of advance. The extreme contrast between the Greenback and its global counterparts has notably moderated over the past months and that in turn has cooled the bullish fervor for the currency. In fact, […]