Looking ahead

It was a day of considerable chop in equity land, the SPX printing 3877, if recovering to settle +0.7% to 3919. Meanwhile, WTIC settled +49cents (0.7%) to $75.12.

sp’weekly1b

WTIC daily

Summary

SPX: we’re currently net higher for the week by +0.6%. Weekly momentum remains moderately net positive. M/t declining trend is at 4030. M/t bearish… unless that is cleared.

WTIC: oil climbed for a fourth day. Momentum remains fractionally negative. Today’s performance was a little better when you consider the moderately stronger dollar. Oil is m/t bearish unless >$92s.

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Looking ahead

Wednesday will see EIA Pet’ report

Earnings: KBH

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Final note

The latest death data (published weekly), for what remains a good proxy for mainland Europe and North America.

https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/datasets/weeklyprovisionalfiguresondeathsregisteredinenglandandwales

Excess deaths: 20.1%, of which 4.1% were being linked to C19.

The number is on the high side, but it doesn’t merit any hysteria.
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The UK government’s propaganda machine of the BBC >>>

https://www.bbc.co.uk/news/health-64209221

‘The rise in cardiac problems has been pointed to by some online as evidence that Covid vaccines are driving the rise in deaths, but this conclusion is not supported by the data.’

The mainstream aren’t going to give up as easily as some believe. Whilst they are right to state there are many variables, not least the lack of cancer screenings across 2020/21, its clear the shots have injured and killed a fair number of people.
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The fittest and most healthiest… dead. Most, if not all… due to the shots.

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What’s Going on with Gold?

‘when China starts to sell US debt, war is coming.’ – Armstrong.

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Beware the Plot Behind Interest Rates

‘Against this backdrop, the Fed CANNOT lower interest rates.’

Its notable that the Fed’s Bostic, just yesterday said there will be no rate cuts until (at least) end of 2024.

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Late start

I actually woke up an hour late today, although I still got my first post out by 8.30am EST. I don’t actually set an alarm clock. Normally I wake up a few minutes before midday.

The Golden Globes are tonight, and whilst I have no real interest in such awards ceremonies, I do strongly recommend the following trio…

The Fabelmans. I watched this last night. Its long, but if you want to know a little about the childhood of Steven Spielberg, and/or if you’re a fan of cinema… its recommended. I will merely add, it ended… wonderfully.

Triangle of Sadness. The first 25mins are just ‘weird’, but once they’re on the Yacht, its superb. A wondrous societal satire.

The Menu. I watched this last Friday night, and it was better than I had hoped. Another… somewhat societal satire.

If any of those three get awards tonight, I’ll be genuinely pleased for them. They’re all worth seeing.

Goodnight from London

Yours… will endeavour to never have the horizon in the middle of frame.