The equity market caught a bounce, which largely held into the close, the SPX settling +107pts (2.6%) to 4277. Meanwhile, WTIC settled -$15.00 (12.1%) to $108.70.
sp’weekly2
WTIC daily
Summary
SPX: despite today’s rather powerful gain, we’re still net lower for the week by -1.2%. I’d note the 10MA at 4442, which looks out of range in the near term… even if the mainstream can spin the CPI data as ‘better/cooler than expected’.
WTIC: oil printed the $103s… partly trading inverse to equities, partly s/t cyclical factors, but also a few news stories… such as the UAE wanting OPEC to raise production.
I’d note the spiky Monday and Tuesday candles did play out. Its pretty amazing to see an effective crash from 130 to 103 across just three days.
For the record, I can’t see $130 as a key cycle high, not least if you consider equities remain m/t broken, with far lower levels due in the weeks ahead. Maybe a giant double top from the 2008 historic $147s?
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Looking ahead
Thursday will see the CPI. Market is expecting headline y/y inflation of 7.9% vs 7.5% prior. Ex food/energy y/y 6.4% vs 6.0% prior. Clearly, if headline comes in at/above 8.0%, it’ll be the excuse for some mainstream upset.
Other data: Weekly jobs, US T-budget
Earnings: JD, AG, BLNK, DOCU, RIVN, ORCL, ULTA, WPM
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PF chart of the day
Computer is seeking the $165s.
IWM, weekly
I would note the Jan 2020 166s… which has been my target since mid January. Its certainly ‘curious’ to see the computer with a very similar target.
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Final note
*special note to the new people…
I don’t expect you to agree with everything I say, or those I highlight.
What I do expect from YOU, is to question EVERYTHING. If you can do that, you’ll always be ahead of the curve.
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The Dore on the leaked Pfizer documents, which revealed >1000 side effects, from a trial group of around 40000. I’ve seen the list… and its pretty horrific.
More than anything, those were just the initial side effects. The mid term effects are starting to become clear. The long term positive/negative effects will (by definition) take some years to discern.
It remains bizarre how just a month or two ago, many were obsessively ‘you must get vaxxed’. Now… few seem to care. For those that held out… congratulations. For those that didn’t… we’ll just have to see how this plays out.
What is clear… Pfizer never wanted YOU to know the data. They initially managed to convince a court to give them 75 YEARS, although that was recently reduced (I forget how long they now have).
Those that took the experimental treatments did so without adequate data, for what is a monstrous violation of basic medical standards, never mind the immorality of it.
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The opening 45 seconds should…. stun you.
Oelrich (he is German)- President of Bayer, admitting that the mRNA treatments ARE gene therapies. He further notes that if the sheep/serfs had been told what they were really being offered, the take up rate would have been maybe as low as 5%.
I deemed the vaxes as ‘Gene therapies’ last year on Twitter, and got sanctioned for it.
I’m not sure how much I could emphasise the above, other than the ultimate ‘I told you so’.
I’ve seen EVERYTHING clearly from early 2020. I’ve called it all, and I did it without a time machine.
I’ve been called names… not least ‘anti-vaxxer’. Heyling, Weinstein, and Jimmy Dore have also been called anti-vaxxers, which is especially ironic, as all three publicly admitted to having taken the initial 1-2 shots.
I will never forgive Twitter for what it did to me. It remains even more remarkable that Dr Malone – part of a team that invented mRNA biotechnology, was kicked off Twitter. It was the ultimate sign in how a company sold itself to both government (they took hundreds of millions in education/campaign money), and to big pharma’.
These remain the most incredible, and deeply disturbing times. Other than global thermonuclear war, or an alien invasion, I don’t think there is anything else that could surprise me.
Goodnight from London