Back in March of 2022, President Joe Bozo issued an executive order directing the Office of Science and Technology Policy to prepare a report on the risks and benefits of creating a digital dollar for the United States of America The digital dollar is referred to as a CBDC for short, meaning a central bank…
Today’s big question: Is inflation really under control? It’s tough to say with crude oil prices on the rise. WTI is up more than 15% in July. Many analysts have Brent price targets in the mid 90s before year end. Gasoline prices have been experiencing a surge lately as well, with futures soaring to a…
The social media landscape is increasingly controlled by a small group of powerful corporations that have a vested interest in censoring dissenting voices. This censorship is not only harmful to free speech, but it also undermines our democracy. I touched on this topic just a few days ago. The fact of the matter is, just…
Time will tell, it always does! The Fed hiked interest rates by a quarter of a point Wednesday afternoon, bringing the benchmark borrowing rate to 5.25%-5.5%. That means interest rates are now at the highest level in 22 years, bringing us all the way back to 2001. There will be lots of commentary about all…
1. Market averages are overbought. Prices have moved up “potentially too far, too fast.” The SPY gained more than 4% in the two weeks before its most recent high. Gains of that size are unusual. They happen on average just a handful of times each year. And a pullback starts the following week more than…
September’s West Texas Intermediate Crude Oil futures are managing to hold their own, indicating a potential higher finish through the balance of the week. WTI crude oil prices are upbeat thanks to lower U.S. crude inventories and strong crude imports by China. However, the market sentiment remained somewhat restrained due to concerns about weaker demand…
Some have studied this, others have not. But if you’ve been around the technical analysis world – at some point you’ve heard of the Elliott Wave Theory. Let’s break it down! Markets very infrequently go straight up or straight down. More commonly they move in impulses and corrections. Understanding them is crucial to reading price…
The golden age of the internet that existed prior to 2015 is likely never coming back. There are several reasons for this: One, the surprise victory of Donald Trump in 2016 forced an immediate shift in what the powers of the media allowed We The People to see and not see. Free speech as such…
The U.S. dollar’s reserve currency status is one of America’s greatest assets. But President Bozo seems fixated on dethroning the dollar through both his domestic and foreign policy agendas. Americans need to wake up and pay close attention because we’ve seen this theater before, and it ends in tragedy. In the late third and early…
Practicing your golf swing and trading aren’t so different. While I’m fortunate enough to live on a golf course, I still spend plenty of time at the driving range to practice! Golf and trading require a shared set of attributes: dedication, consistency, skill, practice and most importantly a relentless desire to improve with each passing…
