Category: S&P 500

Still not a lot of movement, and I'm not expecting that much for late July. It's all about earnings, good (GOOG), or bad (TSLA & NFLX.) The metals' behavior over the next three weeks will tell us a lot about longer-term direction for gold and silver.

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Late July and markets are boring.  Who knew? Gold remains the interesting market, my latest thoughts in today's video.

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Are you on vacation?  You should be.  More listless trading ahead.

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An unanswered question in the era of the QE is, What is the effect on the long-waves cycle?   Does this money printing simply postpone a deflationary "winter" reckoning for another day?  Or is the effect to skip a healthy "spring" growth period and therefore move directly into a hot "summer" of out-of-control inflation. The more powerful the metals rally becomes, the more likely the latter answer above is the correct one.

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The crypto markets exhibited some frenzy today.  But I'm not seeing eclipse related activity elsewhere.

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The S&P breadth gave a divergence signal today. These have been plentiful in 2019, but the full moon eclipse may give this one more a better chance.

Gold is a bit ahead of itself here.

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I'm leaning slightly bullish, but the Russell 2000 looks like crap.

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