In my opinion, Milton Friedman was one of the best economists who ever lived:
“Consumers don't produce inflation. Producers don't produce inflation. Inflation is produced only by too much government spending and too much government creation of money, and nothing else.”
When a dude with an accordion rolls up on a lawnmower, you know it’s about to get real.
Steve’n’Seagulls turn “Thunderstruck” into a hoedown and I am here for it.
M2/GDP is actually starting to curl upward. There is about a 23-month lag time (H/T @steve_hanke) in how CPI responds to this. So look for inflation to perk up again in late 2025 to early 2026.
S&P 500 up between 5-10% YTD at the midpoint?
Final six months higher 13 out of 15 times and full year up 14 out of 15 times.
With better than average returns as well.
The S&P 500 is up 9.0% since the Zweig Breadth Thrust triggered on April 25. Do you remember how many mocked this? I do and it was a lot of people. 😊
100% folks🚀💯
For the second consecutive week, quants will be eyeing the Dual Breadth Thrusts perfect 3-week positive return probability, come Tuesday's close (5,884 or better remains perfect).
$SPX $ES_F $SPY $QQQ $NDX $NYA $RUT $DIA $SOXX $NVDA h/t @SubuTrade
April 22 was the day I went on record the lows were in and it was off to the races. This was widely hated, but sometimes it pays to look at history.
This was the second extremely strong day in a short timeframe (4/9 and 4/22) and history told us the lows were in after this.
This post-election year is playing out like they normally do.
If this continues, be open to a surprise summer rally. Imagine how mad it'll make everyone ;)
If the Advance-Decline Line is able to push above its February high it would be a significant indication of the rally's internal strength. Only needs 418 net advances to do so...