indicators

The Pigs are not leading yields

Bank sector negatively diverges long-term yields As long-term yields rise to tick the 2.5% to 2.7% target zone on the 30yr, the Bank sector seems to have other ideas. Like…

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Read more about the article Pigs re-taking the lead…

Pigs re-taking the lead…

The ratio of the Banks (KBE) to SPX (SPY) is breaking bullish I don't care what you find out there on Twitter or the gold websites, the fundamentals for gold…

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Read more about the article vs. SPY: A view of reflationary progress (or lack thereof)

vs. SPY: A view of reflationary progress (or lack thereof)

A picture of various reflation-sensitive markets vs. SPY/SPX The picture says that equity-centric reflation markets are struggling to regain uptrends relative to the broad SPY/SPX, and indeed are maintaining the…

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tyx

As COVID-19 Backs Off and Yields Back Up…

Today came the happy - and inevitable - news. Some day on the horizon this effing virus is going to stop hanging over our shoulders. Some sectors especially appreciated the…

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Read more about the article Pigs Take Flight

Pigs Take Flight

A couple days ago we asked the question in light of rising long-term yields, a steepening yield curve and the ongoing reflation operations by policymakers. Today the Regional Banks appear…

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