Monthly Archives: March 2023

What Makes Stock Markets Turn?

Posted on March 25, 2023 by johnonstocks

Most people assume that the stock market reacts to fundamentals. This is a popular view, given the tendency of mainstream journalism to simply attribute the latest stock market move on a seemingly relevant news story. Inevitably, these views run into … Continue reading →

Leave a comment

The Recent Bank Craziness and All That

Posted on March 18, 2023 by johnonstocks

With all the craziness going on in the banking sector, it might seem funny to start with a bitcoin chart. Many people think of this as a liquidity gage, matching the breakout in the size of the Fed balance sheet … Continue reading →

Leave a comment

Another Leg Higher?

Posted on March 11, 2023 by johnonstocks

Much of the market decline this week had to do with first Silvergate Bank, then the much larger Silicon Valley Bank collapsed into FDIC receivership. Both banks had similar problems … a highly concentrated depositor base in a struggling sector, … Continue reading →

Leave a comment

Is CPI chronically understated?

Posted on March 4, 2023 by johnonstocks

CPI is a centrally important measure in practically every aspect of our economy. How much is real GDP growing? Real retail sales? Real wages? Real food prices? It all depends on the CPI adjustment. CPI is perhaps the only measure … Continue reading →

Leave a comment