This is a market in which I do not trust my charts of individual stocks nearly as much as I trust the macro, ratio and indicator charts. And because those are giving mixed signals each week and have not conclusively triggered a viewpoint, I am not ready to fly by them either. But with the macro indecision (Copper/Gold as but one example) and the Fed … Continue reading Do you know what kind of market this is?
20+ and 7-10 year Treasury bonds look constructive Look, I don’t know if it is just poetic or there is some degree of shall we say instigation [tin hat alert] going on, but the contrary play in bonds – which I have seen play out in the past as well – would be that the whole world knows that the Fed is tapering this debt … Continue reading When the Fed tapers, who buys Treasury bonds?
The Copper/Gold ratio continues sideways… …keeping wide eyed macro watchers (or at least this macro watcher) in suspense. I just don’t think it is wise to be caught guessing as we pass through the doorway to 2022. The Copper/Gold ratio, like so many other macro indicators, refuses to give its signal just yet. The implication of this ratio is cyclical inflationary if this proves to … Continue reading Copper/Gold ratio; which way the break?
