$PGRE

Insider Buying Week 8-18-23 before the Potential Powell Shitstorm in Jackson Hole

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We look at insider buying this week before the potential shitstorm next week.  It’s hard to believe that Longs can make money on the S&P 500 before a looming Fed Chairmen’s speech on Friday, August 25, at the annual Jackson Hole conference The central bankers, policymakers, and economists at Jackson Hole attempt to steer the global economy.  Powell unveiled his Paul Volker channeling act last Summer, setting off a one thousand-point drop in the Dow.  That’s too obvious a trade and likely crowded. If Powell is interpreted as anything dovish on the rate hikes, there could be a rip-your-face-off rally.  But … Read more

The Bull Charges as Bears Run in Disbelief Insider Buying Week 3-31-23

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It may be the calm before the storm but the bulls are running. The Fed’s rapid interest rate hikes came to a screeching halt last week. The Fed’s favorite inflation indicator, the Personal Consumption Expenditures Price (PCE) Index came in below expectations Friday.  Hiking interest rates has been one of the key policy tools used by the Fed to cool the economy and ease inflationary pressures. Many investors have been concerned about whether the pace of rate hikes and keeping rates higher for longer could drag the U.S. economy into a recession. That all came to a sudden and unexpected … Read more

‘t want to go down.

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Despite the best efforts of banking emperors like Jamie Dimon of JP Morgan or all-knowing market strategists like Mike Wilson of Morgan Stanley, this stock market refuses to go down.  Last week’s market rally has already numbed the pain from February’s losses. The bulls are stomping their hoofed feet at the fences, dying to bust out. An insomniac lies awake at night, Puzzling over a conundrum so tight; the answer eludes them, it’s out of sight, And the puzzle keeps them up till daylight. They toss and turn, and they try to sleep, But the puzzle is just too deep; … Read more