The Most Important Macro Chart…
Crude has broken out from its 3-month compression regime and is now trading around spot $74.
Two Big Weeks To Play A Rally In Biotech And Healthcare Stocks
The healthcare sector is lagging over the past year and recent quarter with the XLV flat for 2024 and down over 4% for the recent quarter.
Energy’s Pop Is Likely A Bottom Signal
For the second week in a row, energy was the top-performing sector in the S&P 500.
High Interest Rates Are Healthy, Low Rates Are Poison
The status quo has it backwards: low rates are now essential to prop up the wreckage left from previous doses of default and cascading losses.
Why Didn’t Biden’s Economy Appear To Be Strong?
The economy today is extraordinarily strong by nearly every historical benchmark, including relative to the years immediately preceding the pandemic.