Okay, this has got my full attention now. While long-term interest rates do this... ...and this... The nominal Bank index is still doing this... While the S&P 500 and most…
The trend continues against the inflationists, but there has been the bullish divergence by Baltic Dry Index (per this NFTRH chart), and the inflation trade has been very oversold, after…
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…
Folks, in the last few days Telecom (anti-yields) co. Verizon has risen, Goldman Sachs & Capital One (pro-yields) have dropped and well, this... The media are completely on top of…
You thought I was done with the Amigos shtick, did you? Not by a long shot ma'am. They are the happy-go-lucky riders in play as the stock bull market churns…
As I've been noting again, again, again, again, and again the macro backdrop is marching toward changes. I'd originally thought those changes would come about within the Q4 window and…
This was like the US dollar, but on a shorter time frame. I saw all the reasons for the USD to rise, including when it's index broke long-term support; but…
[edit] As I do the actual work of plowing through NFTRH 472 I am noting some non-bond related indicators in line with the fading Junk/Quality ratios and easing Treasury yields…
Last week these moderators were included in a post about the breakout in long-term yields and its implications... "This week, assuming it is confirmed by remaining active through the FOMC…
At NFTRH, we are about major macro turning points above all else. Of course, it is often years between these turning points or points of significant change so we are…
I was looking through some old monthly charts and came across one I had created a couple years ago to illustrate the confidence that the market had in the Great…
We have followed this chart for a long while in its various forms in NFTRH. Here is the simple view of the S&P 500 on top of what appears to…