The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is…
There was a time not so long ago we used a similar monthly chart for crude oil to project a target of 70. That chart was not nearly as bearish…
The 10 to 5 to 2 year spread is indicative of market upset, obviously. Here is the up to the minute view of 30 year vs. 5 year yields, with…
I make a big deal about India and its Central Banker, Raghuram Rajan. He stands out among global bankers for his willingness to fight inflation and credit bubbles as needed.…
Once again, yields down, curve up. Risk obviously... 'OFF'. Bigger picture, it's in a down trend until it isn't. Here's the weekly view at yesterday's close.
With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some NFTRH monthly charts.
Let’s start with currencies, since they are a reflection upon global policy making, which has been unprecedented in its direct market interference over the last few years.
Nominal Charts – Currency
We noted the hot air patch in the Canada dollar last year. I had thought CDW might stop and find support at 85, which is a measurement from the topping pattern; but so far, no dice.
Fellow commodity currency Aussie is at what should be a strong support zone.
[edit] evidently my uninformed use of stockcharts.com’s symbol for the Rupee is incorrect. I have had input that this chart is an inverted view of Rupee-USD. Looking into this.
The curve is rising again, with nominal maturities dropping. A risk 'OFF' alignment and if this keeps up and one day becomes a trend, it'll be pleasurable for gold. Indeed,…
So if you are a bull, you are buying here... right? Are you a bull? I ask that seriously, because I myself am not sure at the moment what I…
On a weekend where I took my daughter to Boston for two nights of voice coaching/recording, needed to watch the Patriots game (on DVR) and a late Rangers game, on…
I have gone mostly sidelines with the seasonal stock market bounce stuff, but also am not short a single thing. With that disclosed, here is a gappy view of the…
The 10→5→2 yield spread is up big today with all durations dropping. Not a risk 'ON' alignment at all. For perspective, here is what the 30 vs. the 5 year…
+252,000 vs. 230,000 expected and unemployment drops to 5.6%. From BLS (full report here): Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6…
In September we managed an over bought, over loved and over obsessed upon stock market into October's decline. That decline was simply a sentiment thing. Sentiment needed to be re-set…