Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The
majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the
Evolution of the Trade and aligning with the
minority.
US Treasury bond’s overall trend, revealed by trends of price, leverage, and time, are defined in
The Matrix for
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Credit Cockroaches Are Everywhere
PrimaLend Capital Partners, a Texas-based financier of subprime “buy here, pay here” auto dealerships, has filed for Chapter 11 bankruptcy following missed interest payments and months of creditor negotiations. The company reported estimated assets and liabilities below $500 million. In a press release, PrimaLend stated it will pursue a business sale via the bankruptcy process while maintaining loan funding and servicing. CEO Mark Jensen noted no debt accelerations and reaffirmed support for dealer-borrowers during restructuring. Existing lenders have pledged financing to keep operations running. Bloomberg first reported the filing.
JPMorgan Chase CEO Jamie Dimon warned of hidden credit risks in the economy, citing recent bankruptcies of subprime auto lender Tricolor and auto parts maker First Brands as potential harbingers of broader problems. On the bank's Q3 earnings call, Dimon highlighted a $170 million loss from Tricolor's collapse, likening it to spotting “one cockroach” that signals more to come. He attributed risks to excesses in the credit bull market since 2010 and said JPMorgan is strengthening controls. First Brands faces a federal probe for possible fraud and misconduct.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
