Espo

Jesus Christ in a side car, this market is getting weird. I am from Boston. Born there. Probably will die somewhere around there. I hated the big bad Bruins of the early 1970s because by some strange twist of fate, like turning on the TV as a kid, seeing a hockey game with a team called the New York Rangers and really liking their unis, … Continue reading Espo

NFTRH; What HUI’s weekly chart indicates

First off, I could be wrong here. That big drop to start the day, huge in-day ramp job and then partial decline back down in the last half hour felt onerous to me. Maybe the extreme volatility signals a market getting ready to take off. Who really knows? But I don’t like that it came about off of the deplorably bearish sentiment and may have … Continue reading NFTRH; What HUI’s weekly chart indicates

Your daily Yield Curve steepener view…

Just keeping tabs on the most important indicator out there (IMO of course). With reference to the previous post on sentiment, maybe it is not such a wonder that long-term bonds (TLT) are over bearish and shorter-term bonds (SHY, IEI) are over bullish. The liquidity bid has been flying down the curve to short-term bonds in the 1 to 5 year range, which is exactly … Continue reading Your daily Yield Curve steepener view…

A silly question on market sentiment…

Do you think pessimism is pervasive? From Sentimentrader… Well, do ya? Even long-term T bond fund TLT (recently the premier risk ‘off’ vehicle) is huddled in there with the other refugees. Tough market. Sentiment is aligned not over bearish, it’s not risk averse,  but absolutely 100% terrified. And it’s one for the ages. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly … Continue reading A silly question on market sentiment…

NFTRH+; A bond setup [w/ edit]

A subscriber asked about longer-term bond funds, which got me thinking more about a chart of TLT that I reviewed yesterday. I thought ‘hmmm… if this were a stock I’d be interested’. That is how far back down bonds have reacted to Fed (monetary) and government (fiscal) policy aimed at inflating the system. Right now I am loath to highlight anything as a speculation for … Continue reading NFTRH+; A bond setup [w/ edit]

This is the night we ride…

This ain’t the garden of Eden There ain’t no angels above And things ain’t what they used to be And this ain’t the summer of love Lock all your doors from the outside The key will dangle by the inside You may begin to understand That this is the night we ride –BOC And so they ride. Before COVID-19 USD and the Gold/Silver ratio had … Continue reading This is the night we ride…