The Macro View: Amigos Ride On

As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in long-term interest rates to potential if not probable limits (Amigo 2) and an end to the yield curve’s flattening trend (Amigo 3). When our zany friends complete the journey, big changes are likely in the … Continue reading The Macro View: Amigos Ride On

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NFTRH+; A Look-Ahead to a Short Setup

I am not comfortable buying momentum and so it follows that I am not comfortable shorting it either. It is safer to watch for breakdowns and then bounce backs to resistance. So this look at the Real Estate iShares is a look-ahead to a potential setup, for anyone interested. We have been tracking IYR’s bearish state in NFTRH, as it buckles under the pressure of … Continue reading NFTRH+; A Look-Ahead to a Short Setup