For a little comic relief, here’s our Cheerleader-In-Chief. Sure Mr. President, but it’s not just a Great America thing. US stocks have declined vs. Russian stocks for over a year now. Great America made its high vs. Europe a year ago. America made its high against China A-Shares over a year ago. US made its high against Japan back in August. Vs. India over a … Continue reading Putting the Lie to the Latest Trump Pump
With all due caveat about the long-term chart and its still-intact downtrend, we note that the daily Silver/Gold Ratio is intact to its intermediate uptrend. We also note that there is no wonder whatsoever about why Industrial Metals, Materials, Financials, long-term yields, yield curve, TIP ratios, Breakevens and others floating on the reflation raft are still in bounce/rally mode. Subscribe to NFTRH Premium (monthly at … Continue reading Silver/Gold Ratio Still on Intermediate Trend
As I watch weekly SPX creek jump the top of the reverse symmetrical triangle (as noted in NFTRH, SPX and other indexes have been in and broken out of daily chart bullish ascending triangles)… …I can’t get the commonly heard phrase “the everything bubble” and our own in-house phrase “global macro inflation/reflation trade” out of my head. This foments a question that is bubbling up … Continue reading As SPX Jumps the Turnstile…
