Looking ahead

Equities caught a significant midweek bounce, the SPX settling +1.5% to 3878. Meanwhile, WTIC settled +$2.06 (2.7%) to $78.29.

sp’weekly1b

WTIC daily

Summary

SPX: as noted yesterday, it wasn’t going to take much to turn the weekly candle positive. 3795 appears secure, and will very likely hold into year end. The key issue is whether m/t declining trend holds as resistance

WTIC: oil climbed for the sixth day of eight, helped by the main market. Soft target is the 50dma in the $82s.

–

Looking ahead

Thursday will see Weekly jobs, GDP Q3 (print’3), Chicago Fed Nat’ Act, Leading indicators

Earnings: KMX, PAYX
–

Final note

Heyling and Weinstein on the lies of Fauci.
This is recommended, not least with a few video clips, including the Colbert.
The ‘Faucifiles’ remain due on Twitter, Wed’ Dec’28th.
–

I’m always pleased that someone else is helping to keep track of who said what and when. Of those six, I find Ms. Maddow of MSNBC the most contemptible.

–

I don’t agree with some of this, but Maloney does bring up a fair number of key issues. The notion of a ‘soft landing’ is ludicrous. For many, not least those who’ve lost their businesses since March 2020, they’ve already experienced a depressionary train wreck for a few years.

–

The nuclear raging Celente. Indeed, it is somewhat ironic that many get riled up at his language more than they do about the actual imploding society/species. If anything, I admire his passion, and he does genuinely still hold some hope that things will eventually turn out okay.
–

United Nations Preparing for their One World Government

A few provocative thoughts from Armstrong, as 2023 is going to be one wild year. We’re surely going to see at least a few geo-political shocks.

Goodnight from London