Daily #silver bounced from its 200-day moving average last week. Risk-takers will be buying; more prudent investors need to see more bullish action. #CoSoFinance

Nice move in #NatGas last week, but it's still not out of the wood. Bulls will hope for more constructive action this week. #CoSoFinance

Weekly #gold also bounced from support, but daily chart shows the yellow metal is up against 2 levels of overhead resistance. We should see a break one way or the other. #CoSoFinance

Weekly #copper bounced from support again last week. #CoSoFinance

New York, whose governor proposed making it the first state to ban gas appliances and heating in new construction, is home to almost 1 in 10 US households with a gas stove. https://www.bloomberg.com/opinion/articles/2023-01-13/gas-stove-vs-induction-war-heats-up-at-home

Watching Kentucky Fried Movie with my 20-year-old on Tubi.TV tonight. Should be a laugh riot, if I remember it correctly.

Happy Friday! If you're looking for something to read, and you like the Steampunk genre, here's a book recommendation. #CoSoFiction https://www.amazon.com/Gods-Steam-Sean-Brodrick-ebook/dp/B0BWSXT4LG/ref=sr_1_1

This morning, traders started pricing in a 5.5% fed funds rate by September. For reference, the Fed Funds rate is currently 4.5% to 4.75%. I believe traders are still too optimistic, and the Fed will likely go to 6%. #CoSoFinance

The market is a grand casino, to be sure. My bet is the S&P 500 $SPX rallies today after testing its 200-day moving average. That does not mean it is out of the woods. It's rare to break through the 200-day MA on the first try. The bigger test will be that uptrend I've marked. #CoSoFinance

An explainer for those who don't know the lingo (believe me, you're better off). M2 calculates aggregate currency and coins held by banks, travelers’ checks, balances in retail money-market funds, savings deposits, and more. January data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record #CoSoFinance

January's M2 money supply data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record and the first time it has contracted in back-to-back months. This does not mean the Fed is done hiking; far from it. #CoSoFinance https://www.barrons.com/articles/m2-money-supply-federal-reserve-53c64103?mod

Bloomberg: "Despite representing less affluent districts, the Republican Party has shown no interest in representing less affluent interests". But hey, at least those poor crackers get to own the libs, right? #Politics https://www.bloomberg.com/opinion/articles/2023-03-01/poor-voters-are-losing-out-in-the-culture-wars

Elon's plan to make Twitter pay for itself isn't going so well. https://www.bloomberg.com/opinion/articles/2023-02-28/sorry-twitter-elon-musk-found-his-next-shiny-object

Yep.