ELAM: Interest rates soar, housing market shrinks
A thirty-year fixed rate mortgage is now over 7%. A year ago rates were around 5%.
Wall Street Journal
As we have explained in this space,...
ELAM: Rates are rising
The Bank of England raised its key interest rate for the 14th time in a row.
The Wall Street Journal
That overnight rate was near zero...
ELAM: UFOs, oil & stocks hit new highs
Navy pilots report UFO sightings.
Mitch McConnell and Diane Feinstein are having senior moments.
Hot streak of 13 up session in the Dow ends yesterday.
Horror movies...
ELAM: Stock market mania continues
Retail investors are as euphoric as in late 2021 The put call ratio and VIX Volatility Index were both low. By January 2022 all...
ELAM: Crude prices are up
Higher rather than lower oil prices are expected by this fall.
This column last week
We did not have to wait till the leaves turn. Crude...
ELAM: A top in stocks
All 11 sectors of the S&P 500 closed in the red. It was the Dow’s worst one day performance since May.
Stock Bonds Fall After...
ELAM: Picking winners and losers
A chip war could be a structural headwind for Nvidia. The company recently joined the trillion dollar club for valuation due to the artificial...
ELAM: Market have likely topped — again
As stocks snap a three-day losing streak and return to climbing the proverbial wall of worry, the VIX is signaling the most complacency in...
ELAM: Say AI to improve your portfolio
Our campus got a new building by naming it the STEM Science Tech Engineering Mathematics Building. Nvidia declared itself THE AI (Artificial Intelligence) company...
ELAM: Is it a new bull market?
Me, I’m going with the Dow Theory.
Richard Russell author Dow Theory Letters
Today a headline in the WSJ announces, the S & P 500 Starts...