News Vérité

Few technical indicators carry a name as ominous as the Hindenburg Omen. Named after the 1937 airship disaster, the metric was developed in 1995 by the blind mathematician and market technician Jim Miekka. Its primary goal is straightforward yet ambitious: to warn investors of an increased probability of a severe stock market correction or an outright crash. Rather than waiting for major stock indexes to plummet, the Hindenburg Omen inspects what is happening beneath the surface. It is a study of market breadth—specifically designed to detect structural fractures in the market before headline numbers begin to reflect them. How the Hindenburg Omen Works In a healthy bull market, a rising tide lifts most boats. As broad market indexes climb, the vast majority of individual equities advance in tandem, generating a large number of new 52-week highs and very few new 52-week lows. Conversely, during a broad decline, new lows surge while new highs dry up. The Hindenburg Omen searches for a dangerous divergence: a market that is reaching higher ground while simultaneously experiencing a surge in breakdowns. This dynamic indicates severe internal dispersion. In such an environment, a narrow contingent of heavyweight stocks (such as mega-cap technology leaders) can prop

Christa Pike, the convicted Tennessee murderer who survived two lethal injections and is now conscious and talking, was not alone in the crime for which she received the death penalty. She and two others tortured and murdered 19-year-old Colleen Slemmer in 1995 out of jealousy and anger. Her boyfriend and accomplice, Tadaryl Shipp, was also convicted of murder, but since he was 17, he could not be given the death penalty. He was sentenced to life in prison, plus 25 years. His lone parole appeal has been denied., but further appeals are possible. The third accomplice, Shadolla Peterson, copped a deal with prosecutors, pled guilty to being an accomplice, and was given six years’ probation. Today, a hearing was held regarding Pike’s sentence and whether the death penalty should be commuted. The judge, however, merely ordered that all evidence in the case be retained for future legal proceedings. Tennessee Governor Bill Lee, following Pike’s botched execution, has ordered a halt to any further executions this year. If Pike is ultimately executed — and the case will probably end up before the Supreme Court — she would be the first woman executed in the U.S. since Amber McLaughlin in January 2023.

President Trump, jokingly or not, yesterday offered up California as a sacrificial lamb in the war with Iran, saying of the Iranians: “They can take out a city. Let ’em take out Los Angeles. Let ’em take out San Diego.” He said it would “a very small price to pay” to settle the war. The crowd in Nebraska cheered. This led California Governor Gavin Newsom — whom I not so affectionately refer to as Grabbin’ Gruesome — to call for the removal of Trump, using the 25th Amendment. He cited the reason as being that the president is “mentally ill,” adding that he is “dangerous and delusional.” San Diego Mayor Todd Gloria snapped, “San Diego is not collateral damage.” The White House largely played down the comments as being said in jest. “The media freakout over ⁠President Trump’s comments is not rooted in reality. He was clearly stating US cities would have been threatened if a nuclear Iran hadn’t been stopped,” White House Director of Communications Steven Cheung wrote on social media.