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
Tag: market indicators
A Macro (Amigos) Update for Mid-Summer
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
3 Amigos (SPX/Gold, Long-term Yields & Yield Curve) Updated w/ edit
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 Continuum ™ Updated
We have watched every step of the way as the 10yr yield hit and now crossed through its target of 2.9%. But what of the
Still Only 1 of 3 Macro Amigos to Destination
[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
NFTRH; Update on the Metallic Indicators
In line with a near-term bullish theme come the cyclical vs. counter-cyclical metal indicators. The most important, due to its multiple cyclical metals is the
As the Macro Turns…
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
NFTRH; Metallic Indicators Updated
It’s the metallic indicators again, doggedly refusing to negate their bearish turn. Thanks to subscriber Joe for giving me the heads up on this. The
NFTRH; Metallic Indicators Not Convinced
Well, it’s just a day. But after the big bounce back in stocks one set of indicators is not confirming the big upward burst. I
NFTRH: Metallic Cycle Indicators Updated
It is FOMC day with new Chairman Powell poised to deliver a rate hike and initial press conference (if I were him I’d talk a
NFTRH; In-Day Snapshots (daily charts)
Cyclical indicator PALL/Gold has bounced to and at least temporarily halted at the SMA 50. However, the weekly chart reviewed previously has recovered the EMA
Macro Update: 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
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
NFTRH; Sensitive Cycle Signal Negative, But Risk On/Off Signals Differ S/T
A quick view of some signals the market is giving us during the expected relief rally. We used two premier Semi Equipment companies as a
Another Gold Ratios Update
Because it is so important to our macro work, let’s update again the counter-cyclical metal vs. some positive cyclical items, using the respective ETFs. Gold/Oil