Indicators of and markets sensitive to the reflation instigated by ongoing inflationary operations continue to trend upward
Today, as job growth rebounds (if you can call this a rebound), we check in on a few of the indicators and markets leading the inflationary charge. There are lots of others.
We had a halt just below 2% on the 30 year Treasury yield, as anticipated in NFTRH 637. This would bring on a little market disturbance, which it did. Weekly chart…
Now the resumption of the uptrend has ticked a new high. Daily chart…
Logically, the Copper price is attempting to hold serve and do as the yield above did; take a new up leg in the man-made inflationary operation.
And ES is ticking a new high.
The Copper/Gold ratio continues to say inflation ‘on’, reflation ‘on’.
The above are just a few markers indicating why you tune out what you think you know (e.g. velocity of funny munny, unsound debt-choked economy, etc.) and go by what you see. Since March of 2020 versions of the above are what we have seen and they have been manufactured by willful inflation.
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