Those dates did not see qualifying data. To get a signal according to the late Jim Miekka's criteria, NH & NL must both exceed 2.8% of A+D, while the $NYA is above its value of 50TD ago, and the McClellan Oscillator is negative. On May 20, the number needed was >78, and NL were only 73.
June 3 was a valid H.O. signal. June 5 was not, as NH just missed. June 8 was a valid signal.
@StockCharts
¡¡ESPECULADORES!!, Michael Jordan y Milei ya nos marcaron el camino.
No seamos sumisos.
Seamos combativos.
No sigamos la narrativa dominante, cuestionémosla, probablemente estará equivocada.
Y a la vez, mansos de espíritu.
👉https://t.co/JwOuHpkR9y
Tras el palo de ayer, ¿dónde estamos?
¡¡¡Donde nos encontrábamos hace una semana!!!
Ha sido una limpia.
La tendencia de fondo no debemos olvidarla.
👉 https://t.co/JwOuHpkR9y
The jobs report was a barnburner. Nonfarm payrolls increased by 172,000 versus expectations for 88,000, while prior months were revised higher by 93,000. Wage growth came in at roughly 0.3%. Yet the market sold off. In our view, the market is misreading the signal. It is assuming that stronger than expected employment and growth will cause a an acceleration in inflation. History would suggest otherwise. Productivity growth is running near 3%, while unit labor costs are hovering around 0.5%. Those are not the hallmarks of an inflationary boom. They are the hallmarks of healthy, productivity-driven growth that will lower inflation. Meanwhile, the yield curve continues to flatten despite a roughly 55% increase in oil prices year-over-year based on a three month moving average. In past cycles, an energy shock of this magnitude steepened the yield curve when the Federal Reserve was accommodating it. Instead, the bond market appears to be discounting something much more powerful: the deflationary impact of technological innovation, particularly artificial intelligence, which is beginning to increase productivity across broad swaths of the economy. If tensions with Iran ease and oil prices retreat, we believe inflation could move into negative territory before year-end. In our view, the Fed made a historic policy error when it raised rates aggressively into what was largely a supply-driven inflation shock in 2022. We do not believe the next generation of monetary policymakers will be eager to repeat that mistake. Notably, gold peaked on the day Kevin Warsh was appointed. The inflation trade may already be behind us. If our research is correct, the next phase of this cycle could be characterized by accelerating growth, declining inflation, falling interest rates, and a strengthening U.S. dollar. That combination would create a remarkably supportive backdrop for innovation-led equities and the technologies driving the next productivity boom. I discuss this framework in greater detail in this month’s episode of In The Know.
Actually present bull cycle in gold started with breakdown of a 200-day moving average in October, 2023. Here we go again - such breakdowns trigger natural sell-off among many traders and investors. PM are falling out of love. Next week is going to be a decider. Once banks cover their shorts, "they" are going to come up with reasons why gold and silver should go up. It is a rigged game. Investors should not be naive believing that economic data or events influence gold price in short to medium term. News and events are constantly fabricated and used as a justification to feed public. Manipulation could last much longer than one expects. They only way to outsmart is play a long term...
Everything Ukrainian journalists document is our truth about this war and evidence of Russian crimes. And it is important that this work be of high quality and contribute to accountability for all of Russia’s crimes and attacks on life. I thank the journalists and all media employees who work for Ukraine and show the world what our people have to endure and how we fight for our independence.
Today, we also thank all dedicated foreign media professionals who stand on the right side of history and ensure that the world does not forget or remain silent about what is happening in Ukraine. It is precisely this active support that helps us secure assistance at the political level.
And all of us must preserve the memory and honor the contribution to our fight of those journalists who were killed in this war.
Congratulations on Journalist’s Day!
Ballistic missiles are Russia’s last remaining argument in this war, and we must find sufficient countermeasures. I thank our partners and Mark Rutte that the PURL initiative exists and is functioning – contributions were made this May. There will be contributions in June as well. Today, we discussed how we can accelerate and expand deliveries under this key program.
I also thank all our partners who are already working with us on joint production and helping with funding so that weapons production in Ukraine can continue to grow. We discussed with the NATO Secretary General several other things that could provide Ukraine with stronger long-term financial security guarantees. We will keep working on this at both the G7 Summit and the NATO Summit in Ankara.
Sanctions against Russia. Our long-range capabilities. Financing for Ukraine. Our political cooperation. And our partners’ determination to help Ukraine precisely when help is needed – all of this sends signals to Russia that this war will bring it no results. All of this is also an incentive for Russia to turn to diplomacy. And we very much hope that over the summer and autumn we will be able to bring a real peace closer – a fair and dignified peace. I thank everyone who is helping. Thank you, @SecGenNATO!
BREAKING: Google is planning to release 32 million mosquitoes across Florida and California.
The company has asked the EPA for permission to proceed, with the public given until June 5 to respond.
The mosquitoes are infected with Wolbachia bacteria, which stops them from reproducing and slowly collapses the wild population from within.
Google's previous Debug Project trial in California's Central Valley nearly eliminated mosquitoes from three test sites entirely. A separate trial in Singapore cut dengue cases by 70% within 12 months.
Google has now released over 1 billion mosquitoes across four continents. This new proposal is the largest deployment in US history.
The internet is back in Iran.
Now the world is seeing what the regime tried to hide. Many of these protesters never came home.
Watch. Share. Don't stay silent.
More millionaires will be made in mining and commodities over the next 5 years than in AI.
I know that sounds wild. Hear me out.
AI runs on copper, nickel, lithium, uranium. Every datacenter, every robot, every EV.
The catch: we haven't sanctioned a major copper mine in over a decade. Discovery curves are flat. Discovery to production takes 15+ years.
Exploding demand meeting structurally constrained supply. Textbook setup for a generational commodities bull run.
AI gets the headlines.
The shovels get the returns.
Full conversation: https://t.co/icf4kdliTS
Russia’s massive attack on Ukraine last night shows the Kremlin’s brutality and disregard for both human life and peace negotiations.
Terror against civilians is not strength. It's despair.
We stand firmly with Ukraine, with further support on the way to reinforce its air defence systems.