It was a mixed Thursday in equity land, the SPX settling -12pts (0.2%) to 5662.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the week by +23pts (0.4%). Weekly momentum is on the very low side, as the s/t setup is bullish.
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Looking ahead
Friday has no econ-data on the schedule
Earnings: $NIO $CCL $MNSO $SOWG
Event: It will be Quadruple Option Expiration (QUAD-OPEX). We should expect considerable chop on VERY high vol’.
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Final note
‘Socrates is showing that volatility in inflation was to begin here in 2025 and rise stronger in 2026, but it will be the 2027-2028 period when it becomes critical that it is correlated with our war models.’
Along with a few others, I remain concerned about a secondary and grander inflationary wave. This would be problematic for the broader economy, but could also be expected to lead to civil unrest… ala ‘Arab Spring’, especially within the UK and mainland Europe.
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Indeed… the smart money is pulling out of the failed state of the UK.
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Stagflation is especially bad. Here in the land of yours truly… its been stagflation since 2022. Three full years of economic agony, with zero hope of it ending.
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Top tier geo-pol chatter from the Professor
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Two great Americans
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… as the US infrastructure continues to crumb. Unlike 2016/17, I’ve heard little to anything from Trump, about an infrastructure bill, with related public works program.
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HIGHLY recommended.
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Mike and the armourer of New Mexico.
A fine season’2 finale.
Goodnight from London