The story of Icarus 🥷👇
Be fearful when everyone is greedy.
Look at the action overnight since 50 basis pt cut news. These new highs all being done mostly during zero volume at night. And declining volume even during day.
Declining volume on SPY barely reaching 40m per day. and mag 7 volume non existent.
What financial media isn’t showing you.
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Stock Markets in under 15 minutes. No ads. No politics. Easy to follow for your morning coffee, dog walk or commute.
New testimonial
I wouldn’t have if I didn’t think it was worth it. With all the great work and insight your efforts are must read for anyone following markets. Not only that, but your voice reminds me of my favorite trader over the years, so despite working mostly alone, your daily recap brings me back to the trading floor. I add that your interaction with followers says it all -Top-Shelf. I hope to start posting on my own soon - I am a longtime HF fleece vest guy mostly trafficking in Commodities/Equities. Thanks again!
— TMacro06
And he also sent me a book recommendation too…
The Bubble that Broke the World, by Garet Garrett.
What caused the stock-market crash of 1929 and the Great Depression that followed?
This book blows away the conventional interpretations, not only in its contents but that the book exists at all. The Bubble that Broke the World was written in 1931. Author Garet Garrett ascribes the crash to the pileup of debt, which in turn was made possible by the Federal Reserve’s printing machine.
https://mises.org/library/book/bubble-broke-world
(The pdf is free. I found on Kindle for 99cents too)
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Over time you will gain the ability to see stock market price movement in a way that Wall St does not want you to see
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“Thanks for consistent, quality content. It’s educational and has paid for itself several times over.
Even though I don’t actively trade, there’s so much usefulness in the daily podcast for navigating the bigger picture for my 401(k) and IRA. Often you touch on factors that will impact my clients at my day job, so it’s useful there too.
Finally, and perhaps most importantly, there’s a “Zen and the art of” quality to your world. it’s educational, elucidating, and exists at the intersection of theory and practice. Thoughtful and worthwhile!" - Will (Paying Subscriber)
“I've been following NYUGrad for a number of years over on Slope. I pre-committed to his subscription here and have been quite happy with his perspective. I certainly don't execute every trade idea, but I've made about 25% from the anonymized safety stock noted above - it's one of my core holdings now. His paid podcast is well worth the cost of entry.” - John Sep 26 (Paying Subscriber)
Bill Cara, 40+ Year Market Professional and Author
Podcast Listeners
Alyosha is a professional Comex trader and writes market vibes
Financial Freedom is not free, but the treasure is worth the pursuit!
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What to watch
Cara 100
Cara 100 is an industry cross-section of Bill Cara’s watchlist companies whose fundamentals are above average and worth tracking for possible investment. There is a strong bias for stocks headquartered in the US and Canada. Also, only three of the 100 have market caps below $3 billion today, and all have market caps above $2.5 billion.Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
True Rate of Unemployment (24%!!!)
Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.
