As per the last post the curve did steepen today. Here's the daily chart. Looks kinda similar to early October, doesn't it? Okay, that is a negative for many markets,…
I don't have a real time vehicle (that I know of) to see the 10yr-2yr yield curve in-day, but I do have the SHY (1-3 year) Treasury bond fund (positive…
Just one look at the daily chart of SPX tells us - in hindsight - that this may have all been about gap acquisition. I was completely right and righteous…
Everybody (including me) is watching the 10-2 yield curve. While the media and mainstream analysts make a big deal about its proximity to inversion that is not the important point.…
The 3 Amigos were a blogger's way of not boring himself to death while fleshing out important macro indicators month after month. Amigo #1 (SPX/Gold ratio) got home and dropped…
"The Harbinger of Doom"? Of course we (well, the media) are talking about the yield curve AKA Amigo #3 of our 3 happy-go-lucky riders of the macro. I have annoyed…
We asked the question previously of the 10-2, and now we ask whether it is good that the 30-5 is grinding upward on this phase as opposed to February's dynamic…
Tell me, is it good that the Yield Curve has not come close to the dynamic quick fire performance it had during the February market disturbance? Why, today it even…
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 that was not going to…
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 status will change the dynamics…
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 begin to wear on me…
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 10yr-2yr curve is only on…
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 is the Gold/Silver Ratio (GSR)…
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 yields and an oncoming liquidity…