Tom McClellan

"Everyone times the market. Some people buy when they have money, and sell when they need money, while others use methods that are more sophisticated." - - Marian McClellan (1934-2003), co-creator of the McClellan Oscillator and Summation Index

Proponents think a higher minimum wage is a benefit. It is actually a restriction, and it prevents people from working if the value of their labor does not meet the raised threshold. This especially effects minority workers. Here is a chart from a study I posted a few years ago.

On the eve of the FOMC meeting, the FF target rate remains almost a half point too high, according to the 2-year T-Note yield. The 2y has a good track record of knowing before the FOMC knows what the FOMC should do.

2009, our kids were almost adults, and we made a family trip to Yellowstone. The most memorable moment for me concerned the multiple signs you see in the park, noting that you are crossing the "Continental Divide", which marks the dividing line between rainfall running off and…

Years ago, I had concluded that looking at "share" volume was bad because not all shares are equal due to price differences. So using NYSE-provided data, I set out to calculate dollar volume, by multiplying each stock's share volume count by its closing price. And I did this for…

Given that many windmill blades are made of carbon fiber, I'm surprised that the companies disposing of them have not thought to seek carbon offset credits for "sequestering" the carbon. [That was sarcasm]

Potential derecho late Monday evening for parts of the Dakotas and Minnesota, including the Minneapolis metro area. 0Z HRRR run showing an intense bow echo with destructive 80-100+mph wind gusts. Keep a close eye on this! #NDwx #SDwx #MNwx

I thought I could trick @Grok with this one, but he got it right.

Penny stocks are skewing the overall Nasdaq share volume data, making it functionally unusable. Meanwhile, QQQ volume just posted its lowest non-holiday daily volume in 2 months, a sign of trader complacency.

Here, Chris, is a chart that may help your understanding. The big rise in M2 courtesy of the Fed (with Congress adding fuel by spending) is what led to big inflation in 2021-22. Unfortunately, M2/GDP is curling up again now.

The word "fossil" comes from the Latin word "fossilis", which means dug up. So technically, French fries are fossil fuel.

My mother was a computer. Seriously. She was a math major in college, and her first job was working as a computer (to compute things) for the Naval Ordnance Research Company in So. California. They had just bought a big analog computing machine for calculating ballistic…

I'm betting it won't lead to a modernized remake of the 1971 movie with Sandy Duncan.

Title VII of the 1964 Civil Rights Act clearly makes this expression of preference illegal. eeoc.gov/statutes/title… Given that an Uber driver is an independent contractor, and thus the rider is the de facto "employer", this would have to lead to prosecution of riders for…

When I was a kid it was Blue Chip Stamps and S&H Green Stamps, depending on where you shopped. Collect enough of them, and you could buy merchandise from their catalogs. History repeats.