The theme as presented in NFTRH 687 is for USD’s test of its SMA 50 to be a key driver for the Q1 2022 macro. A test is just that, a test. Not a conclusion. Today’s bounce from it is not only normal, but anticipated. It is what it does from here that will be important. As you can see, DXY came short of target … Continue reading NFTRH+; US Dollar
Himax stock (HIMX) getting decimated (really?) How can I hold a stock that is down 18% today and not run in fear? Let me count the ways. Partial profit was taken when personal greed got too high. Remaining shares are still somehow +28%. Said shares exist in a right-sized position in a portfolio. Hence the portfolio is doing fine. Now, it is a little disturbing … Continue reading Low Max
Copper/Gold ratio maintains sideways trend Unfortunately, the tin hat wing of the Goldbug-O-Sphere cannot blame a discrete “attack” on the poor beleaguered monetary metal for its sharp decline (seemingly out of nowhere) this morning. The whole of the inflation trades are getting whacked as the US dollar holds its 50 day average (for now, at least) and copper, palladium, platinum and much of the rest … Continue reading Happy new year; inflation trades walloped
Excerpted from NFTRH 687, an intro to the Market Sentiment segment… We started using the chart below in order to maintain perspective back in 2020 as we managed the recovery out of the COVID crash. The rebound was in the bag from the moment the Fed began manufacturing the inflation. VIX topped out and SPX bottomed out in a blaze of glory that was a … Continue reading Recent market sentiment retrospective as we enter 2022
