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
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
Before I make a post touting a call, I am going to point you to yesterday’s post on the economy and inflation, which noted some of my buzz phrases. A wiseguy reader kindly reminded me of my worst call and buzz phrase ever, HUI to 888 or the “3 Snowmen”. Thank you good sir. So now that that’s out there… Among my sea of red … Continue reading EW Ascending Triangle Expresses Itself
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?
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