Amigo #2 (10yr Yield) Nears Target, ‘Inflation Trade’ Failing, Gold Sector Shaking Off Inflation Bugs

Over and over again I’ve been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is subject to change. The latest update was yesterday with a daily chart view. Just look at them, the SPX vs. Gold Amigo, the 10yr & 30yr Yield Amigo and the Yield Curve Amigo. So happy-go-lucky … Continue reading Amigo #2 (10yr Yield) Nears Target, ‘Inflation Trade’ Failing, Gold Sector Shaking Off Inflation Bugs

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NFTRH; Stock Market, Gold Sector and of Course, Yields

Below is a somewhat scattershot update written completely off the cuff by a market participant who went out at 9:15 and got back in at 11:15 (ET). Please take it for what it’s worth as I try to gather my thoughts. We’ll smooth things out in NFTRH 485 on Sunday. The precious metals are getting hammered with everything else today and that makes sense because … Continue reading NFTRH; Stock Market, Gold Sector and of Course, Yields

Payrolls: Did Someone Say +200,000?

Ha ha ha, lucky guess per yesterday’s ‘playing it straight’ article… Click the Bloomy headline for full details… The great swami also nailed the Average Hourly Earnings at in essence, .3%, which is well above consensus. Okay, now back to humbleness school, AKA the stock market. Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or … Continue reading Payrolls: Did Someone Say +200,000?

Sentiment Gets Dinged

So many sentiment gauges have not only been ringing bells, they have taken sledge hammers to them and cracked them. Investors Intelligence, the spiking AAII, the all-in short volatility trade, epic levels of brand new discount brokerage (i.e. retail) accounts and on and on it goes. So that is this post’s caveat; sentiment has come to bull ending levels. But with sentiment those levels are … Continue reading Sentiment Gets Dinged