PLEASE MAKE SURE YOU BOOKMARK OR SAVE THIS PAGE-IT ONLY GETS DELIVERED ONCE-
Comments on Financial Culture: Markets are in change of us, as usual. Nothing has changed. Rates Rise. Climate Changes. Politicians Pontificate. Trumpelstiltskin is still raving. Putin is still pulling on everyone’s strings. What is next? ‘Stranger Things,’ have happened before and they can keep on happening. Meanwhile, market drama is likely near to ending, as expected. Central Bankers don’t understand how to get this right. This is a new phase in Financial Culture. “Easy Money is well over. Embrace Higher Rates. Reality may be back in style. Profiles remain for an initial equity extreme in Q4. Everyone wants if, even Jerome. Rates are rising. In, “The History of Interest Rates,” Sidney Homer showed that in Rome, rates rose for a 100 years! It can happen. There is still plenty of room for Rates to Rise. It is Reality.
EQUITY STRATEGY: Stocks remain troubled The foolish ‘Lapdance of Liquidity’ initiated an Inflation and now, a Recession, which, while now beginning to be known, is far from over. Repeat “Q4 has the best potential for an interim corrective nadir. Wars never end well nor will 2022. Let Stocks correct.” Here we are. Panic and confusion rife with speculation are signals of the Low happening
EQUITY TACTICS: Stocks corrected but are now trying to bottom.
GLOBAL EQUITIES: Remain troubled. Bounces not so important yet.
FIXED INCOME: Expected secular “Bull Trap” continues. No surprises.
FOREX: Dollar is on a rogue runaway move. Beware of a coming Spike.
COMMODITIES: Markets “Knew” all about Inflation? It was coming for a while. “It isn’t over.” Stuff is demanded.
Crypto: “Expected Q4 low.” It is close.
ENERGY: Still has a Bullish bias. Profiles remain for strength this Fall. Be aware of the Winter that is coming to a Planet near you. You can’t avoid Reality.
EQUITY SENTIMENT: The Bullish Complacency of the last few years clearly faltered. New realities continue to emerge. Sentiment has turned down hard again synchronous with an anticipated Fall decline. It would be both perfect & great to for this negative nadir in October.
QQQ Weekly: The Tech Correction was wonderful and had a wonderful recovery and is having a wonderful retest. This correction was profiled to be of a secular degree and it has been. Bounces resolved into more weakness. Yes, the preferred profile was negative and yes, it is due to be coming to a Fall conclusion but there is still an opportunity into October & Elections.
GLOBAL EQUITY STRATEGY: German Equities have resumed their structural correction. The recovery bounces were not convincing. Q3/Q4 remain negative as profiled but are near at hand. As noted, “Beware downside surprises into the Fall.” That nadir is Close.
Volatility: (VIX) Profile: The VIX remains relatively congested but keeps rallying upwards from an extended base. Uncertainty is never going to go away. Profiles remain for a ‘potential Fall explosion.’ It really got started and it isn’t over. It may start to churn at this level.
TACTICAL SENTIMENT: The DORSEY Market Sentiment had been complacently high bullish for years. The panic of 0% Sentiment in June signaled an end of Complacency. Now, low sentiment has come again, and stocks are bottoming again. Do not fear stocks. They are paper
EQUITY PROFILE: The IWM index continues to be a mirror for generic equity appetite. The recent recovery failed miserably. It looks like just the bear market rally it really was. It resolved into an overt Fall failure, as expected. Profiles were Negative into October.
FIXED INCOME STRATEGY: “Rates Rising for Decades!” Obscene Liquidity was structurally negligent. Profiles suggested: A “Rate high remains due near 2024.” Global Central Bankers finally got it. As advised, ages ago: “Inflation is Real. Rate Rising can’t Change Climate Change nor, Russian Troops grounding out on any Tundra Turf.
FIXED INCOME TACTICS: Treasuries had a recovery bounce for two months. It was a case of discounting what was known. That was all just a fent, as we see. The trending function to higher rates is far from over. Talking Heads don’t know anything. Don’t listen to their stories.
Gold Weekly: Inflation, as allowed, has become a significant macroeconomic factor. But it still has not yet translated into Precious Metals strength. Profiles are bullish though they have not responded. Gold is technically just in an elongation. This infers a potential Fall rally. It is time? Or more congestion?
FOREX DIAGNOSIS: The Dollar is still in a runaway advance. There is a biased but renewed global Tightening at work. Rising Rates are not all. This is about the uncertain European woes. Profiles prefer a Fall in Fall.
Information is for paid subscribers & may not be copied or distributed. © Copyright 2022. The information contained herein was provided by Sentiment Timing and/or its publishers does not make any representation or warrant with regard hereto, including but not limited to those of accuracy, completeness, reliability, timeliness and/or infringement on the rights of third parties. This Publication expresses a view on the markets but is not intended to provide any specific recommendation to buy or sell any security. Investing is Uncertain and always carries Risk. Of Losses. Subscribers should always assess Market Risk parameters with their broker or financial adviser.
Information is for paid customers and may not be copied or distributed Copyright 2022