Uncannily Accurate Forecasts for Stocks & Commodities
Daily Commentary
Rick Ackerman’s daily market commentary — blunt, specific, and free of Wall Street spin. Browse the full archive below.
July 30, 2023
My ‘Chipotle indicator’ suggests that CMG, along with other high-fliers and the broad averages, could fall by at least 27% from recent highs before the bull market resumes later this summer. We last visited the burrito vendor’s chart in early May, just after a short-squeeze powered by feverish buying speared the red line, a ‘midpoint […]
Read the full commentary →July 23, 2023
Last week’s commentary predicted that rates on the Ten-Year Note, currently around 3.8%, will hit a minimum 5.5% before inflation lurches into reverse and the U.S. begins a hellish descent into a full-blown debt deflation. The following, insightful response came from our friend Richard Charles at Alpine Capital: Well done, Rick, for highlighting the crux […]
Read the full commentary →July 16, 2023
Jim Grant, the financial word’s adult in the room, says the bear market in Treasury bonds could last for decades. Do the long-term charts bear him out? The one reproduced above suggests that it’s at least possible that we are in the early stages of such a move. Most immediately, the chart projects a further […]
Read the full commentary →July 9, 2023
Will the rich and powerful own everything when the global financial system collapses from too much debt? Supposedly, “they” have been plotting and preparing for this all along — even getting a new money system ready to make the takeover complete. But this theory makes no more sense than the one that puts the same […]
Read the full commentary →July 9, 2023
If you know any kids trying to break into journalism, there are two interesting stories waiting to be developed that have gotten scant attention from the mainstream media, what with all the fuss over a packet of cocaine left in the White House by you-know-who). The first concerns the collapse of America’s postal delivery system. […]
Read the full commentary →July 2, 2023
This promises to be the longest holiday ever celebrated in the U.S., eclipsing even the eight-day festival holidays that frequently pop up on the Jewish calendar. By the time you read this, the Independence Day celebration will be in its unofficial fourth day, having begun in spirit with a pronounced slowdown in the stock market […]
Read the full commentary →June 25, 2023
Inflation is being crushed from the system by vastly larger forces of deflation that have been lurking for decades. Although we might have expected the trillions in funny money that were force-fed into the U.S. economy during the covid era to have a longer-lasting effect on prices, inflation never had much of a chance. With […]
Read the full commentary →June 18, 2023
When will the rampaging bull run out of steam? A good question, considering how Wall Street has been flouting a slew of good reasons for the broad averages to be at multiyear lows rather than revving up for a shot at new record highs. Two destructive juggernauts in particular are bearing down on the economy […]
Read the full commentary →June 11, 2023
The Biden Administration can count on Wall Street to celebrate meaningless economic data and bogus GDP growth with steep rallies, even as the visible economy continues to implode. It will become increasingly difficult to ignore signs of impending collapse, however, as anyone who lives in San Francisco could tell you. The city’s growing wretchedness is […]
Read the full commentary →June 4, 2023
China’s criminal class, both entrepreneurial and political, know that when you play dirty to win, it pays to distract your prey. Anyone can see that it’s working for our communist enemies, and well. That’s because they’ve settled on the one distraction that never fails when it is American men they are trying to manipulate: a […]
Read the full commentary →May 28, 2023
Microsoft’s bullish rampage last week added to already strong evidence that the stock market is headed to new records highs. The shares of the software leviathan’s shares not only jackhammered through granite resistance in the form of the midpoint ‘Hidden Pivot’ shown in the chart, they ended the week decisively above it. This technical telltale […]
Read the full commentary →May 21, 2023
Maybe. Yeah, right. A headline here just two weeks ago implied that stocks were about to go bananas: Why a Permabear Is Certain We’re Going Much Higher. Hubris aside, this was based on the very bullish chart of just one stock, Chipotle (CMG). It had just crossed the $2,000 threshold and appeared — still appears […]
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