High Yield spreads are elevating And the message is not a happy one for the risk 'on' world, which is most of the investing world. Combine it with Gold/Silver, Gold/Copper…
Cyclical copper is now signaling full on danger in its relation to gold The lowest low since February 2021 is being struck by the Copper/Gold ratio. And here's the companion…
As the macro shifts in favor of gold (rising vs. stocks, industrial metals, silver, most global currencies) and risk in the broad markets goes firmly 'off', the main holdout continues…
Just a heads up that a guy I've known of and respected for many years has been commenting on this post from Monday about the negative divergences to inflation: Not…
![Read more about the article CPI on tap [w/ edit]](https://i0.wp.com/nftrh.com/wp-content/uploads/2018/03/larry1.png?fit=573%2C591&quality=80&ssl=1)
CPI will show inflation, but at what rate? [edit] You can view the CPI report here by clicking the graphic... This morning's CPI release is much anticipated by your trusty…
Yesterday SPX filled the gap we've had on radar for months. But there is another daily gap at 3330. Now that a bear market is likely in progress we can't…
CAD and AUD are each at important support vs. the US dollar index There are just too many important support touch points on CAD/USD for this not to be a…
Just an FYI companion to the general market relief bounce theme. USD is is the counter-party to bearish markets and is still at the long-term resistance zone. Doesn't need to…
Just an FYI that SPX has joined its fellows NDX & SOX in filling its daily chart gap we've had on radar for the last several months. What comes of…
Yield curve steepening, but there's more to the story The yield curve can steepen under inflationary pressure (e.g. 2020) or deflationary pressure (e.g. 2008). The most recent steepener was inflationary.…
A few inflation unfriendly pictures while everyone huddles on that side of the boat I don't know. Maybe they've obsoleted contrarian theory. Cancel culture and all. But just in case…
In NFTRH 704 we reviewed the shortest end, where the 2 year Treasury yield is nearing its decision point, whereby a continued rise in yields would indicate a bear market…
It's a bear market in stocks. Captain Obvious speaks. But there are potentials within that. Potential for a dispiriting crash, potential for a confounding rally and potential for a moderate…
Copper and copper miners breaking bad I looked at FCX and thought about buying it as it got dropped to a higher low at the SMA 200. Today it has…