Page 9 - Michael Lebowitz News Today

Money Flow Turns Positive Over the last several weeks, we have discussed how the "negative money flow" environment was keeping a lid on prices short-term. Please share this article - Go to very top of page, right hand side, for social media buttons. To wit: "As discussed last week, the sell signal triggering on a short-term basis coincides with our concerns of quarter-end rebalancing for pension funds. I suspect we may have some additional quarter-end rebalancing risk early next week. However...

Retail getting free stimulus money from the government to end up using it to buy the highest valued market in history. What a time to be alive. Dow Jones: U can smell the turning point its so close pic.twitter.com/7y3YjyqYeV Next stop $30 TRILLION sometime in the next month or so! pic.twitter.com/Cc5VtvQFZ0 @ECB head Lagarde: "the recent rise in bond yields could have an "undesirable" impact on the economic recovery" – proceeds with accelerated bond buying. This is where they freak out �...

China dramatically increases ethanol purchases from the US (SPY +0.6%). BTFD buyers were out in full force DOW ends at record above 32,000 as bond yields fall. The Market in Perspective Here are the headlines moving the markets. China Dramatically Increases Ethanol Purchases From The U.S. ThreeReuterssources said Monday that Beijing made massive purchases of US energy products. The sources said, "three ships carrying ethanol were heading to China from the US Gulf Coast." They said its a "sig...

Buy the dips is the battle cry of retail army: Since mkt peaked recently, retail traders have plowed cash into US stocks at a rate 40% higher than they did in 2020, which was record year. Retail investors snapped up an avg of $6.6bn in US stocks each week. t.co/VK3UBDkrJNpic.twitter.com/n1LTjyDEq4 Over the last 3 weeks, retail investors snapped up an average $6.6 billion in U.S. equities each week, according to data from VandaTrack. That’s up from an average $4.7 billion in net weekly purchas...

“We want to see American citizens pay higher prices for milk, butter, eggs, bread, and toilet paper. To reach our goal, we will adjust monetary policy to make these goods and other goods and services more expensive in the future.” How long before mobs storm the Mariner Eccles building (Fed headquarters) if Jerome Powell were to make such a statement? Is our mock proclamation that different from Powell’s comment on 12/16/2020: “W ith inflation running persistently below 2%, we will aim t...

Beyond Capital. Karl Marx, in Capital, focused on capital and the capitalist class that is its embodiment. It is the endless accumulation of capital, its causes and consequences, that are central to Marx’s analysis. In taking this approach, Marx tended to obscure not only the centrality of capital’s “immanent drive” and “constant tendency” to divide the working class but also the political economy of the working class (“social production controlled by social foresight”). In Be...

Michael Lebowitz deepens the arguments he made in his award-winning book, Beyond Capital. Whereas Karl Marx, in Capital, focused on capital and the capitalist…

The Fed Is Juicing Stocks It makes for a great headline, but the Fed is not the cause of this rally. Every dollar the Fed has pumped into the economy is spoken for, and it is not in equities. The truth is a lot more boring and scary than the conspiracy theory. After explaining how the Fed is not culpable for rising stock prices, the author ends the article with the following challenge:  “So please, I invite anyone to explain to me, like I was a 5-year-old, what exactly is the mechanism that ...

As we start moving into the last two weeks of the trading year, investors everywhere are hopeful that “Santa Claus" will visit The actual Wall Street saying is that “If Santa Claus should fail to call, bears may come to Broad & Wall." The Santa Claus Rally, also known as the December effect, is a term for more frequent than average stock market gains as the year winds down. However, as is always the case with data, average returns are sometimes different than reality. Please share this a...

“Santa Claus” will visit  The actual Wall Street saying is that  “If Santa Claus should fail to call, bears may come to Broad & Wall.” The Santa Claus Rally, also known as the December effect, is a term for more frequent than average stock market gains as the year winds down. However, as is always the case with data, average returns are sometimes different than reality. Stock Trader’s Almanac explored why end-of-year trading has a directional tendency. The Santa Claus indicator is...