In light of the dynamics in play in the interest rate market, one might want to watch a sector that favors rising interest rates (the Banks, given ZIRP at the Fed’s discount window) vs. rising yields out along the curve. Even though the curve is dropping, if we assume that banks are funded near 0% their lending out across the curve would have a profit motive.
As surmised in the subscriber update posted just after the 'Jobs' report, jitters about interest rate hikes are bubbling to the surface in the T bond market. This may also…
We began the week with an update that noted the week’s economic calendar and in particular, the ISM (which came in at a still-strong 58.7% PMI) and today’s November Employment report (+321,000). Some economy watchers had expected a catch up move in November after a weaker than expected October and that is exactly what we got.
Amidst the din of every pitch man with an opinion on the markets (and these days everybody's a genius with an opinion) the big picture barometer to global economic contraction…
A subscriber just asked my thoughts on Euro exposure and how to hedge it. As usual for me, simplest is best; short the Euro (or FXE) and long USD (RYSBX)…
If the good Doctor does not do at the noted support level, it is going to die below it... or at least target 1.50/lb.
Here is the chart shown the other day, with the S&P 500 diverging from its sustaining Adjusted Monetary Base (AMB). Bulls will proclaim that the economy and the stocks of…
The status for today's 'in a vacuum' view is that risk is still 'ON' with yields rising (bonds dropping) and short-term yields rising more, meaning players are not seeking out…
A snapshot of current daily technicals…
GLD dropped below and shot back above support. Key objective: Get above 120 and make a higher high to October.
Call me a perma-bear with these charts. Call me what ever you want. But I do not invent the data, I just look at it and post it when I…
One Horseman is riding up to new highs but is not confirmed by the other Horseman, which sees silver continuing to out perform gold in micro term. Further, Horseman #1…
Hey Bueller, junk bonds are doing what? Dropping. Junk bonds vs. quality bonds are doing what? Dropping. Heading into October junk bonds and ratios did what? Anyone? Beuller? Look, I…
Errr, this chart is starting to get hard to ignore isn't it? It is a gold mining sector fundamental indicator. I have no clue how the jockeys using only nominal…