Another solid report this week. I know that because it helped me out yet again in trying to understand all the components in play across markets; all the tops spinning…
A quick check up on the current market environment…
TIP-TLT says no inflation expectations buildup yet.
Commodities vs. gold is breaking back up above the moving averages. A declining CCI-Gold has/had been one of the few positive fundamental underpinnings for the gold sector. It would also be a negative for the economy if it resumes breaking down.
We have used the 'continuum' (monthly chart of the 30 year yield) for years now to define tops in inflation expectations (red arrows at or around the EMA 100) and…