RUT Roh

RUT has led a breakdown on the daily index charts. With SPX and Dow threatening to follow suit today. This should be interesting. Curiously, NDX is the index that is not dropping below its November low. So it’ll be interesting to see how the day ends. This is the grinding whipsaw market, after all. Got to love it. Subscribe to NFTRH Premium (monthly at USD … Continue reading RUT Roh

Fed Balance Sheet, Operation Twist, Yield Curve & Gold

I was poking around nftrh.com’s links page (it is extensive) and (re)discovered Macro Trends and its wealth of charts and data. For me, looking at pictures works better than looking at raw numbers. Always has. This picture for example illustrates what we used to think we knew about gold’s relationship to the Fed’s ballooning balance sheet. It was as easy as buy gold and keep … Continue reading Fed Balance Sheet, Operation Twist, Yield Curve & Gold