It is notable and a little funny how the followers of 3G (Gurus Gross & Gundlach) have gotten hammered here as the Fed makes its adjustments of US Treasury security holdings. For reference, recall Macro Tourist‘s highlight of Martingale Macro’s observations about the Fed’s SOMA days. Pink Tickets on QT Days We had been planning for a bounce in bonds since well before I was … Continue reading Wanna Get SOMA Them Bonds?
Some daily charts as shown in NFTRH’s Market Internals segment most weeks. World/US has broken down from a sideways trend. It’s neutral with a bearish bias. Europe/US is breaking down as well and is in downtrend. China (large caps)/US is breaking down but in a neutral trend with a slight upward bias (SMA 200 slopes up). Japan/US is neutral and nominal Nikkei is something we … Continue reading The World vs. SPY (SPX)