"Supreme Court Justice Clarence Thomas reportedly has been claiming thousands of dollars annually from a shuttered real estate firm" https://www.cnbc.com/2023/04/16/clarence-thomas-has-been-claiming-thousands-of-dollars-annually-from-a-shuttered-real-estate-firm.html

Supreme Court temporarily blocks abortion pill restrictions https://www.cnbc.com/2023/04/14/supreme-court-temporarily-blocks-abortion-pill-restrictions.html

Food for thought if you're in the market for a car ... #CoSoFinance

Something to think about.

Market confusion. Earlier, I posted a chart showing that most S&P 500 stocks were below their 50-day moving averages. But let's look shorter term. More than 93% of all S&P 500 stocks were recently above their 10-day MA. This is a bullish, and rare, thrust in market breadth. When it's happened before, the S&P 500 was higher a year later 23 of 24 times and up 18.4% on average. #CoSoFinance

From CNBC's Carl Quintanilla: ".. 30 companies have reported; 90% so far beat on EPS, the highest post-Week 1 surprise statistic back to at least 2012."
- B of A, on earnings season

My take: This earnings season is supposed to be dismal. That may mean expectations are very low, and so easy to beat. #CoSoFinance

Ladies and gentlemen, the next leg of the #Commodity bull market has barely begun. #CoSoFinance

The S&P 500 strikes me as wishy-washy lately, but here's something that might be bearish: the S&P 500 is currently higher than where it was in November. HOWEVER, back then, >90% of members were above their 50-day moving average. Now, just 55% are above their 50-day moving average. The 50-day is the dividing line between intermediate bullish and bearish trends. #CoSoFinance

If you're looking to rent, Redfin offers some good news. Median U.S. asking rent -0.5% year/year in March (to $1,937), which was first annual decline since March 2020 … by comparison, rents were +17.5% year/year in March 2022. Still getting squeezed, but at least it stopped getting worse. #economy #CoSoFinance

So-called “Misery Index” (combines unemployment rate and year/year CPI rate) falling swiftly and now at 8.5% as of March #Economy #CoSoFinance

From LizAnn Sonders at Charles Schwab: Year/year % change in industrial production continues to soften .. +0.5% rate consistent with prior recessions, but worth noting there was much slower growth in 2015/2016 (when there was not a formal recession) #CoSoFinance

Weekly $COPX -- which holds a basket of #copper miners -- shows more bullishness. Trending higher, it pushed through one level of overhead resistance, is testing the next level. Copper miners do not see a global recession at this time. #CoSoFinance

What about #platinum? Well, it's had a great run, and the daily chart shows platinum testing overhead resistance. Again, a short-term pullback would not derail the bigger bullish picture. #CoSoFinance

Since we looked at #gold, let's check out the $GDX, a basket of leading gold miners. A weekly chart shows a breakout on nice volume. While it could test that downtrend as support, the trend should be higher. #CoSoFinance

#Silver looks more bearish than gold, though they usually move together. Friday's candlestick was quite bearish. This daily chart shows support price and Fibonacci support levels. Silver is up this morning. #CoSoFinance

With dollar bouncing this morning, gold should pull back. But that's not happening as yet; no followthrough to Friday's dump. This chart through Friday shows weekly price action in gold. It's quite bullish, though needs to get above March high. A pullback wouldn't derail it #CoSoFinance

Happy Chart-A-Palooza Monday. Here's what I'm seeing. Let's start with the U.S. dollar. It's made a double bottom on the daily chart, and will try to bounce. The weekly chart shows it is rangebound, and at the bottom of that range. Action will depend on Fed statements. #CoSoFinance

Feelin' this one. Spent $1,500 on my little princess recently to find out she's had a trick knee since birth. To be fair, that included X-rays, bloodwork and also shots she needed. The trick knee has only started becoming a problem now that she's 13!