Personal Consumption Expenditures

New Display of Strength Dares Fed’s Hawkishness – The Market Breadth

display of strength (Credit: Boston Library on Flickr)

Stock Market Commentary: On a weekly basis, the stock market seems to flip its abiding theme. One week after I accused the stock market of sleepwalking, buyers roused the major indices out of their slumber with a new and sudden display of strength. A 13.9% post-earnings surge from Meta Platforms, Inc (META) seemed to set … Read more

Inflationary or A Bubble – Housing Prices Help Push A Fed Driving Recession-Pricing for Home Builders

Two recent studies from the Federal Reserve say a lot about its core concerns for inflation. These studies were released back-to-back just one week following Fed Chair Jerome Powell confirming the new religion at the Fed for (aggressively) fighting inflation. Researchers at the St. Louis Federal Reserve identified housing services (aka rents) as a core … Read more

U.S. Dollar Wavers In the Wake Of Extended Fed Dovishness

The U.S. dollar index (DXY) confirmed another 200DMA breakdown.

U.S. Dollar Breakdown In the wake of the Federal Reserve’s last pronouncements on monetary policy, the U.S. dollar index (DXY) sold off and confirmed its latest breakdown below its 200-day moving average (DMA). This latest 200DMA breakdown looks more damaging than other episodes. For example, the U.S. dollar index extended further below its 200DMA than … Read more