A look at some daily charts of global markets/ETFs vs. SPX/SPY. Same rules apply as with the US sectors; it’s not TA, it’s a gauge of relative trend. In this case, daily. Europe/US is and has been bouncing. Russia/US is and has been steadily up trending. China (large caps)/US (large caps) is and has been sideways/neutral with an upside bias (per the moving averages). EM/US … Continue reading vs. SPY, Global Edition
As you can see by the chart in Callum’s post, gold and real yields have gone their separate ways. Is this to the detriment of gold? Is it a divergence for coming changes in yields? Is the disconnect due to the fact that the macro has completely changed since the US election? We have been noting that fiscal inflation/reflation policy has replaced monetary inflation/reflation policy, … Continue reading Gold and the Yield Curve
Callum Thomas has another one of his macro charts that tells a story. In this case the story has the potential to see a sub-1000 gold price. To be sure, there are other considerations in gold’s fundamentals aside from its inverse correlation to the 5yr Treasury yield minus the 5yr Inflation Swap, but what we need to do is have open minds, not steel trap … Continue reading Gold and Real Yields
By way of my virtual friend Tim at Slope of Hope, behold this mix of comedy and horror. Makes my skin crawl and makes me want to laugh and cry all at once. Continue reading “This is extremely dangerous to our Democracy”
