A whiff of inflation from the Treasury market We are still in the realm of a whiff (hint, initial indication, a glint in inflation's eye) of a coming inflationary phase,…
The 10yr/2yr yield curve is taking on a steepening bias Just a little report from beneath the market's surface. If you're like me and you want to know the macro…
The Silver/Gold ratio trades, my name for a wider commodity rally, are on the cusp of another leg up You could call them "inflation trades", but the post-2021 phase and…
Bond Market's Yield Curves to Fed: "Get your ass in gear" It is an indication from the bond market's Yield Curves implying a dovish Fed to come. But the Fed…
The 10yr-2yr Yield Curve indicates that the economic bust is on schedule No way did I know that Trump was going to shove it into gear so actively like this.…
The 10yr-2yr and 10yr-3mo Yield Curves show the Fed to be behind, well, the curve With a deflationary impulse, which we have anticipated, that is the product of the already…
10yr-2yr & 10yr-3mo Yield Curves continue to steepen as shorter-term indicators start to react A simple post about Yield Curves veers in a lecture of sorts In NFTRH we have…
The XLV/SPY ratio is a potential risk-off signal, and it is turning back down When Healthcare (XLV) rises vs. the broad market (SPY) it is a risk-off signal. Hence, we…
If the Silver/Gold ratio bottoms and turns up, many markets will have a new and positive input, at least in the interim So why don't we watch the Silver/Gold ratio…
Gold Ratios are indicating our projected countercycle is slowly coming to be and that is to the benefit of the gold mining industry Gold ratios such as those to Oil/Energy…
The USD and Gold/Silver Ratio will advise bullish or bearish, liquidity or lack of liquidity for many market areas When USD rises hard while the Gold/Silver ratio is also doing…
The US dollar has halted while the Gold/Silver ratio has another day of slippage Because the relationship between these two (correlated or not correlated) and the direction they go when…
US dollar index up, Gold/Silver ratio down Nothing is resolved in this joint indicator, but as 2025 opens there is a daily divergence between the two. The implication of USD…
Jerome Powell: "I think it's pretty clear we've avoided a recession" In response to a media member, who at Wednesday's post-FOMC press conference, asked Jerome Powell if he thinks we've…