Chart of the Week

By John Del Vecchio and Brad Lamensdorf Many investors have short-term memories. In late 2018 as speculators came off margin there was a very painful decline. Speculators got a lump of coal in their stocking for Christmas that year. This set up a very tradable bounce in early 2019. Fast forward to 2020, and take…

By John Del Vecchio and Brad Lamensdorf Inflation expectations are headline news recently. The big question on many market watchers’ minds is what impact the reopening of the economy post COVID and flush with stimulus will have on inflation. Many have downplayed inflation expectations and the view that there will be a huge burst of…

By John Del Vecchio and Brad Lamensdorf If you’re an economist that lives in an Ivory Tower, there’s no inflation to speak of. The CPI was up a seasonally adjusted 0.3% most recently. If you live in the real world, you’d call that Bullus Shitus, as one might say in pig Latin. Take a look…

By John Del Vecchio and Brad Lamensdorf Today, cryptocurrencies are all the rage. Bitcoin has hit new highs as it has increasingly captured the public’s imagination and gained support from institutions. The new talk is that it’s an inflation hedge. It may turn out though that the new most well-known inflation hedge is ready to…

By John Del Vecchio and Brad Lamensdorf Buying climaxes are exploding! This is bearish for the market. A buying climax is when a stock makes a 52-week high but closes down for the week. Take a look at the chart: The red bar represents buying climaxing, and the blue bar is selling climaxes. As the…