Rick Ackerman

Articles by Rick Ackerman

Morgan Stanley CEO Jamie Dimon recently raised his forecast for rates on the Ten-Year Note, currently trading just below 3%, to 5%. He’d predicted a rally to 4% back in May but now thinks the bull market in stocks could run for another two...
A 3.11% rate ceiling on the Ten-Year Note that has held for two months looks likely to be challenged in the weeks ahead. A forecast I put out in December, when rates were around 2.34%, caught the May high almost to-the-tick, raising the...
Although the broad averages have risen sharply in each of the last three sessions, none of these short-squeeze lollapaloozas has recouped the even bigger losses sustained earlier in the day. Do we detect a pattern here? The biztainment...
Index futures are getting pummeled for the second straight night, supposedly because of heightened tariff fears. How is it that these fears lay dormant throughout Monday’s boring session, only to resurface like Kilauea lava during off-...
Bloomberg news has the effrontery to ask: Did Trump Just Start a Global Trade War?  Although even MSNBC pit bull Rachel Maddow treats the President with more deference than Bloomberg.com,  it’s still a fair question to ask....
Index futures have plunged Tuesday night on news that Gary Cohn, Trump’s top economic adviser, is resigning. The selloff has brought the E-Mini futures down to within an inch of triggering a ‘mechanical’ buy I’d flagged at 2687.00....
Stocks dove late in Wednesday’s session on news that the minutes from the January FOMC meeting were more than a little hawkish. From where we were sitting, the selloff looked like a brazen shakedown. It amounted to a 475-point reversal in...
Index futures were getting savaged late Monday night as DaBoyz worked feverishly to exhaust sellers so that they can run stocks up the ol’ wazoo ahead of the opening bell.  This is a dangerous game, even for the thimble riggers who...
Bitcoin’s crazy shenanigans are making the news media’s attempts to keep up with them seem pathetic. Bloomberg’s latest update, from four hours ago, has trumpeted the headline Bitcoin Starts a New Year by Tumbling, First Time Since 2015....
Treasuries are taking a shellacking on expectations that the GOP’s tax package will cause the economy to boom and inflation to leap. I have serious doubts about this but am keeping an open mind. Regardless, the chart shown makes a strong...

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Gold prices fall by Rs 50 on low demand