Reference this post from December 2016… Bonds: 90% of You Are Herding …and this sentiment graphic (source: Sentimentrader w/ my markups) from that post and the bullish implication it carried: The over bearish public sentiment profile for bonds back in December 2016 was as usual, instigated by our friends in the media. Now take a look at how bonds did from that point until we … Continue reading Bonds: A Gross Signal Upcoming
No. I am the one after all with all the red arrows on a chart I call the continuum, aren’t I? My view is that the odds are that this will not be the time we go full frontal von Mises and Crack the Boom up. Just to be clear. The question is and has been, will rates rise to the limiter amid bond-bearish and … Continue reading Have I Turned Into a Contrary Indicator?
When the Pigs fly tends to be when interest rate dynamics say they fly. Rising long-term interest rates, as long as they don’t materially hurt the economy, are beneficial to the banks’ bottom lines. Yesterday we looked at Amigo #2’s lift off and today that has continued amid headlines like these (from Bloomberg)… Here is the daily chart of the Bank ETF I have held … Continue reading When Pigs Fly
What’s this? The color I see in the market futures is not green? What is the meaning of this?!? Here are this morning’s Bloomberg headlines… Broad Markets In sum these headlines are talking about the 3 Amigos, as Gundlach predicts SPX will go down (SPX vs. Gold), long-term interest rates are rising (bonds dropping), and in a microcosm at least, long-term yields are rising relative … Continue reading NFTRH; Multi-Market Update
