I have a page with several chart based indicators for NFTRH subscribers to review any time they’d like in order to dovetail what they may see there with the ongoing analysis in NFTRH and their own alternate sources as well. One of those indicators is the GLD/RINF ratio, which measures the gold price in terms of the variables that make up ‘inflation expectations’ ETF. Here … Continue reading Gold vs. Inflation Expectations
It’s Fed Minutes Wednesday The media will give us a heaping helping of hype (HHH or 3xH) today as the goons release what they talked about at the last FOMC meeting. Oh, the tension is so thick you could cut it with a knife. You can click on Jerome to receive the article from Barron’s. We’ll see if the machines – which have been really … Continue reading Goons, T-minus 90 minutes…
As they ready the FOMC minutes to be inflicted upon the markets… We note that anti-inflation Treasury bonds are still in bounce mode and hence, yields are still in pullback mode. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe … Continue reading Just another ‘bonds are diverging inflation hysteria’ post as they ready the goons
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It’s been a productive day. I finished another quality market report and I ripped up some carpeting as a little indiscriminately urinating cat marked his territory once too often. All this by noon time. Life is good. NFTRH 706, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market … Continue reading NFTRH 706, out now
From a previous post about the media’s obsession with declaring a bear market after a 20% drop: As you can see, barring a miracle reversal (is 2:00 Charlie still a thing?) this week will have been a damaging one as the support level SPX hammered from last week is being lost this week. Well, he came at 3:12. Close enough for government work. I actually … Continue reading Ladies & Gentlemen, meet 3:12 Charlie
Amid hysterical inflation headlines, Treasury bonds remain firm Of course, inflation is yesterday’s news. That was the news that bonds had been reporting since mid-2020 when yields bottomed and turned up, culminating with a breakout from the Continuum’s limiting moving averages and a possible halt here below the key November, 2018 high. Now bonds are reporting something else. It’s no surprise that as the inflated … Continue reading Wouldn’t you know, T-bonds continue to posture to rally
Stocks enter a bear market! Stocks enter a bear market based on some arbitrary percentage that lazy media assign to it. So, like 19% was okay? No dear MSfN, stocks were indicated to have entered a bear market (of some kind) back in February when the weekly chart of SPX crossed its moving averages down (red arrow) and failed to climb above either of them … Continue reading Stocks fell into a bear market on Friday!
Silver ticks resistance at 22 Resistance is only resistance until it is taken out and turned to support. At the moment it is still resistance. The ‘V’ bounce has come from viable long-term support (not visible on this daily chart) that we observed in an NFTRH update (password protected) a week ago. The daily moving average trends are down, but even within that downtrend it … Continue reading The proving ground for Silver
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The monetary metal has changed trend vs. monetary digits The future of money will have to wait before the new digital munny is ready to take over safe haven ‘liquidity’ status from the old metallic monetary relic. Where the former has the laser-eyed likes of know-nothings Tom Brady and Paris Hilton among its promoters, gold only has history; long, boring, staid, tepid history (oh yeah, … Continue reading Gold vs. Bitcoin
Bonds up today despite alarming inflation headlines The hysteria of the moment, served up as usual by the mainstream financial media off of backward looking data/results, has not resulted in bonds getting clobbered as would normally be expected. As was the case after last week’s CPI hysterics, Treasury bonds of all durations are positive today. This despite the very real and concerning inflation data behind … Continue reading Bonds again diverge inflation headlines
Global currencies and Bitcoin vs. USD Reference a previous post on ‘commodity currencies‘ From NFTRH 705‘s Currencies segment… Everybody in this sad picture is as they were last week. The reserve currency is sucking up all that liquidity fleeing the risk ‘on’, inflated cyclical asset world and the other ‘non-reserve’ currencies are being exposed as the fundamentally valueless instruments they are. Of course USD is … Continue reading Currencies (incl. Bitcoin) vs. USD
Target and Walmart hit hard with cost increases What good are increased sales when every unit of sales is subject to pressured margins? It’s another manifestation of our antlered friend, the Stag… Ref. from one year ago… Inflation: Going Stag We are already seeing Stagflationary pressure in the above linked ISM report, in Semiconductor supply shortages, in seemingly unavailable labor, in FOOD (as NFTRH has … Continue reading Inflation hitting retailers hard
