Sean Brodrick
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Money is getting tighter in America. More lenders have stiffened their standards in the wake of increasing turmoil within the banking sector. https://www.reuters.com/ma...
10:25 AM - May 11, 2023
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Sean Brodrick
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Fed Gets Room to Hold in June as Inflation Shows Sign of Cooling
April CPI rose annual 4.9%, first print below 5% in two years. Markets are still looking for Fed to cut rates later this year
09:59 AM - May 11, 2023
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Sean Brodrick
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Another good reason to migrate from Twitter. Stats show it's being overrun by MAGAts.
05:16 PM - May 10, 2023
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Sean Brodrick
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I'm very much looking forward to next week's Las Vegas MoneyShow. My presentation on precious metals will have lots of hot picks and I get another, longer session where I'll talk about megatrends and stocks that will ride them. #GOLD #Silver https://t.co/o6CZdX3GlW
10:06 AM - Apr 17, 2023
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Sean Brodrick
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When you lie on your resume and still get the job.
10:01 AM - Apr 17, 2023
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Sean Brodrick
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Katie Porter sums it up very well.
09:28 AM - Apr 17, 2023
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Sean Brodrick
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From GasBuddyGuy on Twitter: "According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 1.4% from the prior week and was 0.5% above the four week moving average. We model consumption at 8.71 million barrels per day.. My take: This is not what you see in a slowing economy. #economics
09:17 AM - Apr 17, 2023
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Sean Brodrick
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Food for thought if you're in the market for a car ... #Economy
08:52 AM - Apr 17, 2023
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Sean Brodrick
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Earlier, I posted a chart showing that most S&P 500 stocks were below their 50-day moving averages. But let's look shorter term. More than 93% of all S&P 500 stocks were recently above their 10-day MA. When it's happened before, the S&P 500 was higher a year later 23 of 24 times and up 18.4% on avg.
08:46 AM - Apr 17, 2023
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Sean Brodrick
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Ladies and gentlemen, the next leg of the #Commodity bull market has barely begun.
08:35 AM - Apr 17, 2023
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Sean Brodrick
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The S&P 500 strikes me as wishy-washy lately, but here's something that might be bearish: the S&P 500 is currently higher than where it was in November. HOWEVER, back then, >90% of members were above their 50-day moving average. Now, just 55% are above their 50-day moving average. The 50-day is the
08:30 AM - Apr 17, 2023
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Sean Brodrick
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If you're looking to rent, Redfin offers some good news. Median U.S. asking rent -0.5% year/year in March (to $1,937), which was first annual decline since March 2020 … by comparison, rents were +17.5% year/year in March 2022. Still getting squeezed, but at least it stopped getting worse. #Economy
08:26 AM - Apr 17, 2023
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Sean Brodrick
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So-called “Misery Index” (combines unemployment rate and year/year CPI rate) falling swiftly and now at 8.5% as of March #Economy
08:24 AM - Apr 17, 2023
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Sean Brodrick
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From LizAnn Sonders at Charles Schwab: Year/year % change in industrial production continues to soften .. +0.5% rate consistent with prior recessions, but worth noting there was much slower growth in 2015/2016 (when there was not a formal recession)
08:22 AM - Apr 17, 2023
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Sean Brodrick
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Weekly COPX -- which holds a basket of #Copper miners -- shows more bullishness. Trending higher, it pushed through one level of overhead resistance, is testing the next level. Copper miners do not see a global recession at this time.
08:19 AM - Apr 17, 2023
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Sean Brodrick
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What about #platinum ? Well, it's had a great run, and the daily chart shows platinum testing overhead resistance. Again, a short-term pullback would not derail the bigger bullish picture.
08:17 AM - Apr 17, 2023
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Sean Brodrick
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Since we looked at #GOLD , let's check out the $GDX, a basket of leading gold miners. A weekly chart shows a breakout on nice volume. While it could test that downtrend as support, the trend should be higher.
08:15 AM - Apr 17, 2023
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Sean Brodrick
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#Silver looks more bearish than gold, though they usually move together. Friday's candlestick was quite bearish. This daily chart shows support price and Fibonacci support levels. Silver is up this morning.
08:12 AM - Apr 17, 2023
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Sean Brodrick
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With dollar bouncing this morning, gold should pull back. But that's not happening as yet; no followthrough to Friday's dump. This chart through Friday shows weekly price action in gold. It's quite bullish, though needs to get above March high. A pullback wouldn't derail it
08:10 AM - Apr 17, 2023
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Sean Brodrick
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Happy Chart-A-Palooza Monday. Here's what I'm seeing. Let's start with the U.S. dollar. It's made a double bottom on the daily chart, and will try to bounce. The weekly chart shows it is rangebound, and at the bottom of that range. Action will depend on Fed statements.
08:07 AM - Apr 17, 2023
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Sean Brodrick
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Feelin' this one. Spent $1,500 on my little princess recently to find out she's had a trick knee since birth. To be fair, that included X-rays, bloodwork and also shots she needed. The trick knee has only started becoming a problem now that she's 13!
05:46 PM - Apr 15, 2023
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Sean Brodrick
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A new report from the Pentagon shows that Wall Street has wrecked the defense industrial base. Multiple reasons. Chart shows stock buybacks are up while research and development is down. It's why we're spending more, but losing ground to China https://substack.com/notes...
05:20 PM - Apr 15, 2023
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Sean Brodrick
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03:37 PM - Apr 15, 2023
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Sean Brodrick
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I picked this up from Simon Rosenberg's excellent Substack. I tell you, making money in the stock market is hard. But it's easier when you're trading against people who believe the insulting, Chicken-Little "American Carnage" narratives pushed by the MAGA crowd.
02:58 PM - Apr 15, 2023
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Sean Brodrick
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Yep.
11:53 AM - Apr 15, 2023
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Sean Brodrick
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This is true -- economists are terrible at predicting recessions. I picked this up at substack.com's notes, by the way. It's the new feature that got Substack banned from Twitter
01:13 PM - Apr 14, 2023
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Sean Brodrick
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This graphic from the International Monetary Fund shows how global the increase in inflation has been. The United States does not particularly stand out in this global phenomenon. In other words -- dare I say it? -- inflation is not Biden's fault. #news
10:57 AM - Apr 14, 2023 (Edited)
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Sean Brodrick
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If you're in Las Vegas starting next Monday, consider checking out the Las Vegas MoneyShow. It's a gathering of very smart people who share their investment insights. https://conferences.moneys...
10:36 AM - Apr 14, 2023
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Sean Brodrick
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Bloomberg is hammering that this leak of sensitive documents is an embarrassment for the Biden Adminstration. Really? Did Biden hire this a-hole? Does Biden set the hiring/review policy for the Air Force? Or are you just desperate to find a Democratic scandal because the Republicans have so many?
09:59 AM - Apr 14, 2023
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Sean Brodrick
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Businesses are turning very pessimistic. I'm not discounting what business owners are experiencing. But the relentless firehose of "bad #news " pushed by FOX News has to be part of this.
09:28 AM - Apr 14, 2023
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