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.
September 5, 2021
China is easy to hate, since their leadership is at heart a bunch of double-dealing, lying commie rats. (And yes, the evidence is more than a little persuasive not only that they unleashed a deadly virus on the world, but that they took clandestine steps to protect themselves from it before going public with the […]
Read the full commentary →August 29, 2021
Jackson Hole hubris was operating at full strength last week as investors around the world anxiously awaited the announcement on Friday that would send the markets into hyperdrive. The broad averages had in fact churned impassively for several days ahead of whatever lame twaddle concerning The Tapeworm lay in store. The question of when the […]
Read the full commentary →August 22, 2021
[Editor’s note: The following was sent out to clients in mid-July by my friend Doug Behnfield, a financial advisor and senior vice president at Morgan Stanley Wealth Management in Boulder, CO. Long-time followers of Rick’s Picks will be familiar with Doug’s work, since his thoughts have appeared here many times. I have always referred to […]
Read the full commentary →August 15, 2021
There is increasing confusion in America about how to handle the rapid spread of Covid’s delta variant. The stock market can usually tell us how much fear is out there, but this time Wall Street seems, if not quite clueless, then certainly heedless. The broad averages have moved steadily higher in recent weeks, caused more […]
Read the full commentary →August 8, 2021
Bloomberg missed the real news in its flippant headline, “Return to the Office Five Days a Week? How About Never Again”. The article was just family-page pap about how work-from-home employees aren’t complaining about the indefinite postponement of a back-to-the-office mandate. With the delta variant on a headline rampage, exile in suburbia seems to suit […]
Read the full commentary →August 1, 2021
If you’re worried that interest rates are about to explode because of inflation, the graph above would seem to offer comfort. From a visual standpoint, the gentle rollover that has occurred over the last several months has sapped the vigor from a menacing spike that had pushed yields on the 10-Year Note from 0.40% at […]
Read the full commentary →July 25, 2021
My astute friend Greg Hunter at USA Watchdog weighed in recently with such a despairing outlook for the dollar that it’s probably a good time to determine whether the charts support this view. Here’s the post from his site, which over the years has featured my own thoughts on deflation, the global economy and other […]
Read the full commentary →July 18, 2021
The latest attempt to move the global economy away from the dollar’s dominance involves a plan by Biden to issue $650 billion of Special Drawing Rights (SDRs) through the IMF. Ardent fans of the greenback needn’t worry, however, since this sum, as large as it seems, is just a drop in the bucket compared to […]
Read the full commentary →July 11, 2021
Rick’s Picks subscribers ended the week transfixed by a powerful rally in the E-Mini S&Ps whose inevitable destination was 4362.25. Why inevitable? Mainly because a chat-room ace whose trading system has been getting the big swings exactly right lately had said so the day before. If he were a pistol sharpshooter, this trick would be […]
Read the full commentary →July 4, 2021
I was premature when I gave the green light to gold bulls five weeks ago. “If you’re a bullion investor,” I wrote at the time, “you can buy the stuff now without fear or qualm.” Had you taken this advice, you’d have gotten aboard just in time to get smashed in the head, since gold […]
Read the full commentary →June 27, 2021
Fear of the much-ballyhooed Delta variant was nowhere in evidence recently at North Carolina’s McCormick Field, home of a minor-league baseball team called the Asheville Tourists. The team, a high Single-A farm club operated by the Houston Astros, filled McCormick’s 4000 seats to near-capacity, and there was nary a mask in sight. It was great […]
Read the full commentary →June 20, 2021
[The following was written by a San Francisco friend from the hedge fund world, Shawn Brown. It buttresses the suspicion that while there seems to be plenty of credit money available for speculation, the collateral behind it is getting thinner and shakier by the week. The Fed, with $8 trillion of Treasury paper and other […]
Read the full commentary →