Despite a tough week for stocks into Friday, February 9, three big picture macro indicators have continued to support a risk 'on' backdrop. Many of the shorter-term indicators we watch,…
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in…
The SPX/Gold Amigo is on the trail of the 38% Fib retrace destination. The Long-term Interest Rates Amigo is still on the trail of a near-term rise (10yr looking better…
[edit] I realize this theme could be wearing on some people, but with all the subtlety of a sledgehammer I am going to pound it until it either aborts or…
Okay, so the theme is that on the macro 3 events may come together to signal a big climax, leading to change. Those Amigos are... Stocks complete their rise vs.…
Folks, the 'yield's rising to the limiters' near-term plan has been frustrating. Not for my own investment and trading because I've stayed balanced with a focus on interest rate neutral…
On the surface, Trump's 1st 100 days (since election) 'comp' well with JFK, as well as Bush 1 and Clinton. Each of these presidents saw successful markets for the rest…
In an update earlier in the week we noted that the preferred scenario of a USD correction might morph into a bullish consolidation in the form of an imperfectly formed Symmetrical Triangle.
Well, today Uncle Buck is dropping below the lower line and making a signal that our initial target of 94 (+/-), with its combo of a trend line and support cluster, is a good one.
The 10 to 5 to 2 year spread is indicative of market upset, obviously. Here is the up to the minute view of 30 year vs. 5 year yields, with…
Once again, yields down, curve up. Risk obviously... 'OFF'. Bigger picture, it's in a down trend until it isn't. Here's the weekly view at yesterday's close.
Here are the Gold-Silver ratio and Uncle Buck, riding somewhat disjointedly together. Assuming they will continue to ride together in the near term, which one is going to down correct…
Amidst the din of every pitch man with an opinion on the markets (and these days everybody's a genius with an opinion) the big picture barometer to global economic contraction…
Here is the chart shown the other day, with the S&P 500 diverging from its sustaining Adjusted Monetary Base (AMB). Bulls will proclaim that the economy and the stocks of…
[edit] Post veers at little at the end, may require a couple reads... [edit2] Attn: Subscribers, material dovetails with market analysis in #318 [edit3] Charts are quite large; click for…