Lee Adler Blog | Talkmarkets | Page 1
Owner, The Wall Street Examiner

Lee Adler of the Wall Street Examiner is the editor and publisher of the Wall Street Examiner and The Wall Street Examiner Professional Edition, a proprietary service for professional investors and sophisticated individual investors.


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Jobs Data Without The Seasonal Adjustment BS
The BLS provides seasonally adjusted (SA) data to make it impossible to see what actually happened in the first report each month. They do it to give economists and Wall Street mouthpieces something to do.
The Hourly Chart Is Bullish… What Else Is New?
Yes, it looks bullish again. Although last night toward the close in New York when it looked like it would launch it stalled, and it’s still in that same range.
US Economy Is Collapsing In June, It’s The Virus, Mo Ron
The data shows that the US economy has been weakening sharply since the beginning of June. That follows May’s dead cat bounce, which Dear Leader Trump and Wall Street had all touted as recovery. Uh… no.
Uptrend Holds Again
Last night the S&P futures needed to break 2828 to break the uptrend. Of course it did it by 5 points, and that was it. Boom! Up, up, and away.
Fed QE Daily – Jaysus Powell Will Walk On Water Next
The futures are pulling back this morning a day after Jaysus Powell channeled Mario Draghi and promised that the Fed would do whatever it takes to keep the US economy afloat.
Fed QE Squeeze Market Effect For Today
The Fed is really tightening the screws on Primary Dealers this week. So far, stock futures traders are laughing and farting in the bears’ general direction.
Stock Market Ready For Daily Disinfectant Injection
The market is on easy street today. It’s getting its usually daily injection from the Fed, while the Treasury is sidelined, not doing any borrowing today.
Right Shoulder, Right Shoulder - Roll Over, Roll Over
The dealers got a windfall from the Fed over the past couple of days. They used that to foment a rally in stocks. But it has been kind of puny relative to what we’ve gotten used to in recent weeks.
With Fed QE Now On Hold, Stocks Bounce Miraculously
The Fed will buy another $15 billion today. Sounds like plenty right? Well, get this. The US Treasury is selling $65 billion in new T-bills today and $91 billion tomorrow?
Stock Market Strikes Back At Fed’s Illusion Of A Market
The Fed has created the illusion of functioning markets, but today futures traders are striking back. The Fed, with all its trillions, may not have the control that it wants, and Wall Street wishes. Today looks pivotal in that regard.
The Market Is Tanking
The S&P ES futures have fallen hard after reaching a confluence zone of several trendlines around 2840. At 8:25 AM in New York, we were down nearly 64 points at 2779. That’s in the lower half of an uptrend channel.
Here’s Why Fed’s Statement On Cutting Repurchase Operations Is Total Nonsense
The Fed is cutting repos because there is now ZERO demand for them. From the beginning of Not QE back last September, I forecast that as the Fed ramped up full POMO (outright Treasury purchases) that TOMO (repos) would drop.
Sell Easter, Buy The Fourth?
The Fed has cut back on its outright Treasury purchases. But the Treasury is still pounding away at the market, flooding it with enormous amounts of new supply day after day.
What This Massive Overnight Rally Accomplishes, Finally
The rally has carried right up to the crash trendline, but no further. A pop through 2330 will finally break the crash trend. But I wouldn’t get too excited about that either.
The Boingggg That Fizzled (Again)
Now that the US Government has delayed Tax Day for 3 months, the April tax windfall won’t happen. It will be spread out through the second quarter.
Fed Codifies Friday’s Intervention, Market Goes Limit Down Again
The Fed pretended to fire a bazooka on Sunday with its announcement of $700 billion in market intervention in outright purchases. But it was really a popgun.
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