Operation Twist 1.0 was a stroke of pure (evil) genius by Ben Bernanke 15 years ago, and two modern day Wizards may be trying to engineer something similar today "Sanitize"…
For the benefit of subscribers who do not follow the in-day/week blog, * I clipped one of today's entries because it potentially has macro relevance. More to come, likely in…
The anticipated disinflationary phase is finally here Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 921: Macro A hybrid “macro/sector fundamental” for gold stocks is the…
Last week as we noted the yield curve flattening in reaction to the hawkish tone of the Fed, and with the US dollar firm, we opened the prospect of Goldilocks.…
Post-FOMC, a 'Goldilocks market' is developing and an unbiased view is called for Markets were apparently surprised by the hawkishness of the maiden voyage of the Warsh FOMC. Pre-FOMC we…
As stated for months/years now, the macro has swung big picture inflationary by the signaling in long-term bond yields. However, functionally we also have to deal with shorter-term, interim signals.…
A whiff of inflation from the Treasury market We are still in the realm of a whiff (hint, initial indication, a glint in inflation's eye) of a coming inflationary phase,…
The 10yr/2yr yield curve is taking on a steepening bias Just a little report from beneath the market's surface. If you're like me and you want to know the macro…
Excerpted from the November 2nd edition of Notes From the Rabbit Hole (NFTRH 887): As noted last week, I am hearing all too much talk about a market crash to…
Before beginning, I'd like to remind subscribers - especially newer subscribers - that we successfully gauged the coming of the big phase of the precious metals and specialty or critical…
The 10yr2yr yield curve steepening trend is well intact, indicating an oncoming economic bust not too far out on the horizon It's not the only indicator to the macro, but…
The 10yr-2yr Yield Curve indicates that the economic bust is on schedule No way did I know that Trump was going to shove it into gear so actively like this.…
The media are muck raking again, as the Fed's favorite "recession indicator" flashes (bullshit, MSM) This is not to say that I don't agree that a recession is coming. I…
Musk and the bond market are in a convenient alignment, but the bond market situation has been in progress since 2023 Our (NFTRH) view has been for falling inflation signals…