See, here is Amigo #1 (SPX/Gold ratio) on the left, having such a great time he's riding one-handed and with his eyes closed. Ye ha! Looks like someone's about to…
The guy is a most humble and open minded market watcher. He's also the poster of oddly funny and sometimes disturbing pictures on the financial internet. Yesterday the Macro Tourist…
Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum's ™ limiter (the 100 month exponential moving average on the…
You have your Elliott Wave twittlers and regular TA pattern gazers out there falling all over themselves to tell us whether the top-test in the stock market will be bullish…
Well, look who is sporting a bullish looking pattern on its daily chart. As you can see, a rising Gold/Silver ratio (GSR) attended the stock market disturbances in February and…
Well, that remains to be seen. We are watching the tone of earnings season as the stock market grinds out its ongoing top-test. But aside from that, the associated sentiment…
You have better things to do than read droning macro analysis or long, drawn out investment theses. It is a weekend in the dead of summer and for that reason…
Hey, it's just a beneath the surface indicator of a cyclical item breaking down vs. a counter-cyclical one. Nothing that hasn't already happened in 2018. But it is nonetheless notable,…
It has been a while since we've had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I…
We've covered the other Amigos. Amigo #1 is the stock market still rising in terms of gold and #2 is long-term Treasury yields, which hit their limiters, pulled back harshly…
[Article edited/updated from original] It's the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to come. When you are talking…
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up…
Here is just one picture from said whipsaw, and its an important one as a cyclical indicator; Industrial Metals (positively correlated to the economy) and gold (generally negatively so). A…
We began months ago, noting the 3 Amigos destined for their goals. Here's a post from November 2017 explaining the macro fundamentals involved: Updating the 3 Amigos of the Macro…