on rates with, Yardeni, and Ranger Rick. its about time the debt topic was mentioned again and not all the usual BS. One of the things not mentioned in the debate is how  we monetize inflation. Uncle Sam borrows money from creditors say its $1mill.  Then Uncle Sam  goes and prints a$1mill on his printing press (or some random number).Is the creditor really receiving  $1mill. when he gets paid back? No, Uncle Sam borrows strong dollars and pays back weaker dollars. I really enjoyed about time the public heard that side of it. the conversation about real estate, these guys on TV can argues all they want, inflation is here to stay. (JMHO)

would do. Inflation is here to stay.

https://youtube.com/...ts/cOZbElfBdCU?

27-28 min daily, except on days when I mow the large lawn with a push mower.

This week like last week has pretty high turn probability summation system readings just about every day with a peak on Wednesday the 29th, so not much help in calling turns.  A whipsaw affair like last week is probable.  

Last week, as I alluded to above, also had high system readings all week with peaks on Monday and Tuesday the 20th and 21st as shown in red in the marketwatch.com plot excerpt below which foretold whipsaw action which is precisely what Wall Street delivered with three large swings. 

The developing QQQ diamond pattern which I noted several weeks ago did as expected and tested the break of the lower right trend line and is now accelerating away to the downside.

And finally, the Fed conflab is slap bang in the middle of the peak in the turn window this week.  The will he or won't he question is hanging over Kevin, that is, will he fight inflation or won't he jump on Jerome's transitory train for at least a few stops on the tracks to nowhere.  My money's not on dove or hawk.  I'm betting on chicken - talking tough, squawking and flapping his wings a lot, but in the end just sitting there laying an egg, actually doing nothing substantial on the inflation front except to feed it by continuing to enable the printing of funny money like there is no tomorrow to satiate the Treasury's never ending need for debt. 

Regards,

Douglas

Tom McClellan posited this chart on X this morning, and it alarmed me, mildly. The S&P and NYSE have been looking pretty good during the recent chop, but the Naz Ratio Adjusted Summation Index looks pretty darned ugly to my eye. I suspect that we're in for more weakness than I had originally expected, mostly due to the semi's and perhaps the biotechs dragging the rest of the market down.