Currencies (incl. Bitcoin) vs. USD

Global currencies and Bitcoin vs. USD Reference a previous post on ‘commodity currencies‘ From NFTRH 705‘s Currencies segment… Everybody in this sad picture is as they were last week. The reserve currency is sucking up all that liquidity fleeing the risk ‘on’, inflated cyclical asset world and the other ‘non-reserve’ currencies are being exposed as the fundamentally valueless instruments they are. Of course USD is … Continue reading Currencies (incl. Bitcoin) vs. USD

Inflation hitting retailers hard

Target and Walmart hit hard with cost increases What good are increased sales when every unit of sales is subject to pressured margins? It’s another manifestation of our antlered friend, the Stag… Ref. from one year ago… Inflation: Going Stag We are already seeing Stagflationary pressure in the above linked ISM report, in Semiconductor supply shortages, in seemingly unavailable labor, in FOOD (as NFTRH has … Continue reading Inflation hitting retailers hard

NFTRH 705, out now

Just doing the work and moving forward. NFTRH 705, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now

US & Global stocks, bonds, USD, precious metals & commodities

A general update of a macro in transition Detailed work, which got us to this point intact, if a little frustrated*, is done in NFTRH reports and updates. But it’s always handy to have a general summary view of macro markets. So let’s get to it. * Reference this post done while sitting with a flight delay at JFK managing the breakout in the Gold/Silver … Continue reading US & Global stocks, bonds, USD, precious metals & commodities

Does this look like inflation?

I didn’t think so; not this week. Well of course they have not even taken the SMA 50 yet, but isn’t it funny how during yet another inflationary ‘lagging data’ hype week we have Treasury bonds – among the worst casualties of the inflation created in 2020 – rising? The thing is, it was lonely when we were forecasting inflation in mid-2020 and it is … Continue reading Does this look like inflation?

Credit Spreads ticking new highs for the cycle

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 and even Gold/SPX and you have a recipe for more pain; lots of it despite any bouncing the markets may do. And despite the fact that gold has not even gotten off its ample butt … Continue reading Credit Spreads ticking new highs for the cycle

Copper/Gold ratio failure continues

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 big picture macro chart for your viewing pleasure (or displeasure if you cling to the cyclical inflation view). For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes … Continue reading Copper/Gold ratio failure continues

FYI, Rick Ackerman commenting here on gold (and Apple)

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 inflation friendly I note it because if one of the typical gold bug knuckleheads had shown up here I’d be disappointed. But a guy who goes his own way and calls it as he sees … Continue reading FYI, Rick Ackerman commenting here on gold (and Apple)

CPI on tap [w/ edit]

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 blog writer and more widely and for different reasons, the mainstream media. Here is Fox news (which I can bare to look at every once in a while, albeit not seriously, now that they’ve rotated … Continue reading CPI on tap [w/ edit]