Rick Ackerman
Articles by Rick Ackerman
Europe took competition to a new level last week in the global currency-devaluation olympiad. Nominating the politically-minded IMF chief Christine Lagarde rather than a blue-blooded financier to run the ECB is akin to making Trump...
Stocks remained in the grip of a low-grade euphoria Monday, lightened by what is being referred to in the news as a ‘thaw’ in trade relations between the U.S. and China. No one expected much to happen on the trade front, and nothing much...
Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there’s nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist’s prediction...
Although the S&P500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched ‘fear indicator...
Stocks took another bold leap Friday, heedless of payroll data that suggest U.S. employers pulled back on hiring in May across all sectors of the economy. Their clear concern is a global slowdown in China and Europe that appears to be...
Trump needn’t have wheedled the Fed about juicing the money supply, since the banksters, ever eager to ride to the rescue -- of themselves -- would have done it anyway. The alchemists at the central bank have once again begun to “manage”...
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that...
Every dog has its day, and Tuesday’s vicious short squeeze was a pooch-lover’s delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won’t be nearly enough to reverse the death spiral in the automaker’s shares, it will...
Here we go again. The Fed evidently has begun “conditioning” our “expectations” for a new season of quantitative easing. Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens is the headline atop a news story...
Although I usually let my charts tell me where stocks are headed next, the ‘technicals’ are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance...
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