The Vampire speaks

Jerome Powell speaks about policy as inflation indicators invite the Fed to continue its course (thanks to the summer cool down) It appears that things cooled a little too much for some peoples’ comfort. Remember, the (inflating) vampire needs to be invited into your macro house. The 30yr Treasury yield has done that this summer as the Continuum drops and makes its right side shoulder. … Continue reading The Vampire speaks

Doctor Copper: No technical diagnosis yet, warehouse levels surge

The copper price lurks below the SMA 50 Will we install a new happy face or a third pukey face? The mystery of Doctor Copper’s correction continues. The major daily trend is up because the up-trending SMA 200 has held so far. The SMA 50 stands in the way of a resumption of that trend just yet. This is of course just one component of … Continue reading Doctor Copper: No technical diagnosis yet, warehouse levels surge