Rick Ackerman
Articles by Rick Ackerman
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...
We hold a position consisting of two round lots with a cost basis that has been reduced by profit-taking to 14022. Entry came on December 8 via an explicit recommendation to get long at 16042. The paper-trade was offered mainly to...
The rally stalled at 2698.00, precisely where we had anticipated, but the shallow pullback that has occurred since means the futures are going higher. Those who went short at the target as I’d suggested can manage the risk as they...
It’s just like Wall Street (and its mouthpiece, The Wall Street Journal) to get all lathered up over supposed tax reform that has little more going for it than the usual heap of manure we’ve come to expect from Congress. I made this...
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