yield curve – Notes From the Rabbit Hole

SPX/Gold, 30yr Yields & Yield Curve – Amigos 1, 2 & 3 Updated

We began the Amigos theme last year in order to be guided by the goofy riders during the ending stages of a cyclical, risk-on phase

The flattening yield curve has attended the boom in the US economy and the bull in the US stock market. A change in the flattening

It has been a long while since the last Amigos update because frankly if the characters, images and shticks I invent to portray market status

To the 2 Horsemen (Gold/Silver Ratio & USD) we should add Amigo #3, the Yield Curve as another important macro sign to watch for. The

As is usually the case if these riders are going to change the macro the damage starts at ground zero, the precious metals sector. Here

It’s actually a look we have noted in the past, which is that a steepening yield curve can either be driven by relatively declining short-term

The guy is a most humble and open minded market watcher. He’s also the poster of oddly funny and sometimes disturbing pictures on the financial

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

As you can see by the chart in Callum’s post, gold and real yields have gone their separate ways. Is this to the detriment 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

As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold

[edit] See also Steve Saville’s discussion of the yield curve. Well, after one down day in the markets why not put up a cautionary article?

The yield curve is in a down trend on the big picture. This has logically been attended by economic and market stability as its message

The June 18 edition of Notes From the Rabbit Hole has a few less stock charts this week in order to ramp up the macro

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