vs. SPY: A view of reflationary progress (or lack thereof)

A picture of various reflation-sensitive markets vs. SPY/SPX The picture says that equity-centric reflation markets are struggling to regain uptrends relative to the broad SPY/SPX, and indeed are maintaining the downtrends begun at varying points during the summer cool down. Raw commodities, however, are making a move. Strength in commodities would be an early component of an economically negative Stagflationary backdrop. Later, they’d probably cave … Continue reading vs. SPY: A view of reflationary progress (or lack thereof)

NFTRH+; A message from the futures

After ‘Flation Friday’s inflationary headlines USD (DXY) continues to recover, taking back the daily SMA 50 this morning. Its fellow disinflationary rider Gold/Silver ratio continues to recover while nominal gold and silver are each down. Meanwhile, here is part of what the media is serving to the public this morning. The big inflation report coming up is the CPI, to go with last week’s PPI. … Continue reading NFTRH+; A message from the futures