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Michael J. Kramer

@MichaelMOTTCM

You get more of my content on my subscription services, The Market Chronicles, on YouTube https://t.co/aKPOeAcSIW

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Pinned

For anyone curious, I posted this to my website, showing how 3Q'24 went for me. It is not a solicitation or offer to sell any product or service. Being transparent in how I use my own analysis. mottcapitalmanagement.com/third-quarter-…


10-yr TIP now 2.15%

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S&P 500 trading at 22 times 2025 earnings estimates. Median 1-yr forward is 15.4 and the average is 15.9 since 1990 That would value the SPX today at around 4,200.

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odds of a December rate cut now 40%.

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Just look at these retail sales revisions.. Unreal... Fed needs to really cut 😂

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the odds of a BOJ rate hike in December are now better than 50%

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Look at the move in the 2-yr JGB

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US RATES AREn't the only ones breaking out.

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Michael J. Kramer Reposted

Traders celebrated Reagan's 1980 win in a big way, thinking that they were getting reforms they wanted. 1981, though, turned out to be an ugly year, and the ugliness lasted all the way to the great 1982 bottom before the post-election hopes and dreams were finally fulfilled. Read…

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My latest Chart In Focus article, "Post-Election Celebrations We Have Seen Before", is posted at mcoscillator.com/learning_cente…. It looks at how traders celebrated after the 1964 and 1980 elections, although what happened after the initial celebration was very different.

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the Powell Indicator has broken out, and appears steepening quickly.

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it starting to really look like 2018

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Margin debt has flattened out basically since May despite the stock market going higher. Generally speaking, that is not a good setup.

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Odds of a December rate cut now less than 50%

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Michael J. Kramer Reposted

🔴 FED'S POWELL: THE LABOR MARKET HAS COOLED TO A POINT WHERE IT IS NO LONGER A SOURCE OF SIGNIFICANT INFLATIONARY PRESSURES.


Michael J. Kramer Reposted

🔴 FED'S POWELL: TOTAL PERSONAL CONSUMPTION EXPENDITURES PRICE INDEX LIKELY ROSE 2.3% IN OCTOBER FROM A YEAR EARLIER (VS 2.1% IN SEPTEMBER); CORE PCE LIKELY ROSE 2.8% (VS 2.7% IN SEPTEMBER).


Michael J. Kramer Reposted

🔴 FED'S POWELL: THE LABOR MARKET IS SOLID, INFLATION IS ON A SUSTAINABLE PATH TO 2%.


Michael J. Kramer Reposted

FED'S POWELL: ECONOMIC STRENGTH GIVES FED THE ABILITY TO APPROACH ITS DECISIONS CAREFULLY.


Michael J. Kramer Reposted

FED'S POWELL: THE FED EXPECTS THESE RATES TO CONTINUE TO FLUCTUATE IN RECENT RANGES, WE'RE WATCHING CAREFULLY TO BE SURE THEY DO.


Michael J. Kramer Reposted

FED'S POWELL: THE FED DOESN'T NEED TO BE IN A HURRY TO REDUCE INTEREST RATES.


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