$SPY signals are echoing the 2007 crash, with market patterns showing familiar signs. The tech and housing bubbles are bursting in tandem, while the boiling frog syndrome keeps investors oblivious.

$SPY people believe that the 2007 Great Financial Crash was a large surprise (below) But it was anything but a surprise. The moving averages were textbook. Clear tests of support, followed by a rejection from below twice and then Lehmans …

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Trump signs orders and fields questions

It is astounding watching and listening to Trump as he signs. Trump is signing executive orders and taking unscripted questions from press while signing. He has answered more spontaneous questions in a few minutes than Biden did his entire presidency. …

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Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point …

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