Below is an excerpt from an NFTRH report (#676, due out on 10.10) that has not even been written yet, outside of this opening segment that clarifies and makes some of the concepts NFTRH deals in more standard and hence, more readily understandable by more people. Unless you are a pure day trader there should always be a reason for a given investment stance at … Continue reading Trade/Invest macro ‘top down’; a guide
Sometimes I go wading through old chart lists and sometimes I find busy, colorful charts telling stories. Here is a busy, colorful chart telling a story. They will blame the buffoonish Trump (he should have shut his Tweet hole and avoided all that stock market cheer leading), but when whatever is ahead shakes out he will not be primarily responsible. The Greenspan credit bubble I … Continue reading A Disgusting Macro Picture
Joining Callum Thomas’s Topdown Charts is another macro chart fest now presented at Biiwii.com in the form of The Daily Shot Brief. This will be a daily or near daily presentation of key global macro charts with very little in the way of written explanation. The charts say it all and each one is presented with a line of summary. You’re on the go, and … Continue reading Biiwii Gets a Daily Shot of Macro Charting
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 and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed’s concoction of Operation Twist, a plan with the expressed goal of manipulating the macro … Continue reading Macro Changes for Gold and Stocks
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, like Junk bond ratios and the Palladium/Gold ratio say the same thing. Junk/Treasury and Junk/Investment Grade are threatening new highs and as we have noted in NFTRH updates all through the recent market volatility, Palladium … Continue reading Macro Update: 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
Out of the three, stocks vs. gold, nominal long-term yields and the yield curve, it has been the nominal yields Amigo that has been the most questionable; what with there being no inflation and all ←sarcasm. The 10yr is looking bullish and its lame big brother, the 30yr, is down trending but spiking today. With respect to both of these, the theme is ‘to the … Continue reading The Weakest Amigo Rides Again
[edit 12.8.17] Amigos status clearly & concisely updated. I am not trying to be a wise guy with the first half of the title (it’s a goof on alarmist media), but if you were not bear biased or outright bearish on the gold sector’s daily and weekly technicals, and its macro and sector fundamentals by now all you have left are the alarmist headlines now … Continue reading Precious Metals Breaking Down! 3 Amigos to Abort? 4 Horsemen to Ride?
