Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Two Big Signs of Stagflation

by March 22, 2023
March 22, 2023
Two Big Signs of Stagflation

The Fed raised rates by 25 bps. The decision was unanimous. The terminal rate projection is unchanged at 5.1%.

The FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.”

My first tweet @marketminute this morning before the market opened:

@marketminute: I feel pretty certain Powell goes 25. Announces theyre willing to keep raising at that rate as jobs strong, economy ok & banks arent in a credit crisis. However, as data dependent, they could change course accordingly. $SPY remains in a trading range. Until next fracture appears

And then there’s $sugar looking like it’s about to continue the rally higher. Food prices will remain elevated. And the Fed remains stuck between the damage done but the root of inflation far from fixed.”

My tweeted response after the FOMC?

@marketminute: 5% yields create more stress to labor market.

Does nothing for rising food prices and global inflation.

Silver is outperforming gold.

Sounds like Stagflation

The daily chart of silver shows the price rising further away from the 50-daily moving average in blue. The Leadership indicator shows that Silver is beginning to outperform gold. That, in and of itself, is highly inflationary.

The initial response in the indices was to buy, as investors only hear “pivot”.

Powell: “Intermeeting data on jobs and inflation came in stronger than expected. We considered pause, but the hike was supported by strong consensus.”

You hear pivot? I hear considered–quite different. Which is why it is not only important to watch how silver performs relative to gold, but also how bonds perform relative to the S&P 500.

Long bonds are outperforming the S&P 500. The Daily from March 12th covers this potential in detail. That is typically recessionary.

So, if you add up rising gold, silver, cocoa, sugar, copper, steel, and maybe oil prices, along with long bonds showing yields might have topped and, then add that the bonds are doing better than the market (SPY)—that equals Stagflation.

But the real issue is we have not seen the full impact of the Fed and CBs losing control. And the dollar is weak.

A perfect storm?

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

IT’S NOT TOO LATE! Click here if you’d like a complimentary copy of Mish’s 2023 Market Outlook E-Book in your inbox.

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish sits down with Kristen on Cheddar TV’s closing bell to talk what Gold is saying and more.

Mish and Dave Keller of StockCharts look at longer term charts and discuss action plans on the Thursday, March 17 edition of StockCharts TV’s The Final Bar.

Mish covers current market conditions strengths and weaknesses in this appearance on CMC Markets.

Mish sees opportunity in Vietnam, is trading SPX as a range, and likes semiconductors, as she explains to Dale Pinkert on ForexAnalytix’s F.A.C.E. webinar.

Mish and Nicole discuss specific stock recommendations and Fed expectations on TD Ameritrade.

Coming Up:

March 24th: Opening Bell with BNN Bloomberg

March 30th: Your Daily Five, StockCharts TV

March 31st: Festival of Learning Real Vision “Portfolio Doctor”

April 24-26: Mish at The Money Show in Las Vegas

May 2-5: StockCharts TV Market Outlook

ETF Summary

S&P 500 (SPY): 400 pierced for a minute, now back to resistance; 390 pivotal.Russell 2000 (IWM): 170-180 range now.Dow (DIA): Could not hold the move over324, the 200-DMA.Nasdaq (QQQ): 328 is the 23-month MA resistance, now a bit overbought on the indicators.Regional Banks (KRE): 44 support, 50 resistance.Semiconductors (SMH): Will watch for a key reversal to the mean w/ 250 support.Transportation (IYT): Holding the 200-WMA 219, but has to clear the 200-DMA at 224.Biotechnology (IBB): 127.50 resistance.Retail (XRT): 60 big support and 64 big resistance.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

0
FacebookTwitterGoogle +Pinterest
previous post
Managing Fear and Expectations
next post
Harvard journal accepts left-wing paper accusing fossil fuel industry of homicide

You may also like

Sector Spotlight: US Stocks Once Again Lead the...

January 23, 2024

Top 10 Stocks to Watch in July 2023,...

July 4, 2023

Distribution Alert: QQQ Looks Top-Heavy as Energy Stocks...

August 6, 2023

The July 6-Month Calendar Range — SPY, QQQ,...

July 27, 2023

The Ord Oracle January 10, 2023

January 11, 2023

The Secret Behind My Moving Average “Buddy” System

January 11, 2024

DeepSeek Rattles AI Stocks – Should You Buy...

February 1, 2025

The Ord Oracle January 17, 2023

January 18, 2023

Weekend Daily: Gold is the Featured Pick of...

January 8, 2023

Super Simple System for Crypto

November 2, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Don’t Give Big Businesses Immunity from Litigation

      June 27, 2025
    • Unmasking Medicaid Money-Laundering Schemes: Medicaid Financing Gimmicks 101

      June 27, 2025
    • Top moments from the Trump-Biden debate that changed the course of the 2024 election

      June 27, 2025
    • Trump exerted ‘maximum pressure’ on Iran and Israel to ‘deliver peace’: Leavitt

      June 27, 2025
    • Iranian foreign minister reiterates ‘serious damage’ to nuclear facilities, despite ayatollah’s comments

      June 27, 2025
    • Maybe Most People Do Not Want Teacher-Led Public School Prayer—But They Do Want Chaplains

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,077)
    • Politics (15,829)
    • Stocks (3,173)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved