Junk bonds have not yet cracked as speculation continues The stock market is probably not going to crack until the ultimate sign of rampant speculation cracks. That would be Junk…
Metals Ratios Continue to Indicate Inflation And that is welcome for monetary and fiscal policymakers of course, since inflation is the only trick they have up their sleeve to bail…
A view of gold in ratio to markets that benefit on a relative basis from cyclical inflation, which as you know central banks and politicians have been working over time…
RINF (inflation expectations) has sagged to its trend marker (SMA 50). As has TIP/TLT. While the heretofore inflation signaling yield curve has also eased a bit. The wild card here…
Well, on the short-term at least copper is still trouncing gold as the ratio ticks a new recovery high today. The long-term is not so impressive. So whee! We're on…
Yesterday we noted 3 sectors very interested in and benefiting from the cyclicality of rising long-term Treasury yields for a day at least. But what if the move is real,…
I have labored with this question for quite a while now. Would the Gold/SPX ratio hold support or lose it in favor of a fill of the February 'fear gap'?…
Not only are stock markets and yields rising, but so too is the yield curve steepening. Just a note that a process that has been in play since August 2019…
Calling all nerds; which means day traders, casino gamblers, fundamental ideologues, ego junkies, momentum chasers and worst of all, Men Who Stare at [nominal] stock and index Charts exclusively (as…
Because after getting soiled on Twitter talking about politics I either need a shower or a really boring indicator post as a remedy. I'll put the shower off until later…
The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in…
Why not pop in here some materials that don't usually make it into NFTRH reports? Gold/Bond ratios can be viewed as an indicator of confidence in governments and with the…
I can't shake the feeling that we are at a meaningful juncture, as the yield on the 30yr Treasury bond continues to bounce. It's still a daily chart downtrend, but…
The yield curve is still out there and it is still steepening. A steepening curve would change the macro from the previous Goldilocks phase (in the US), and whether that…