Part 2 appears to be taking off now after the summer cool down. But part 2 is not going to play out like part 1.
The Continuum continues to form its right inverted shoulder In the spring the NFTRH plan was for a “summer cool down” in inflation expectations and
The 10yr Treasury yield appears to be choosing its direction, breaking above the moving averages and hitting a new recovery high on the daily chart.
HUI’s bounce has come to its first key level. Here resides the down-sloping SMA 50 and lateral resistance. This was the minimum bounce objective and
For a sign of the end of the summer cool down – and deflationary whiff (such as it is) – yields will need to reverse
The copper/gold ratio continues to be stalled where it was supposed to stall The global economic reflation instigated by balls out inflation (steroidal money printing
The sentiment backdrop is far different in long-term bonds now than it was when rates were rising and we projected a cool down in yields/inflation,
Macro markets quake as expected, bonds get a little crazy For months now we have been expecting the Continuum to make a roughly symmetrical right
HUI (daily) is pulling back as expected to test support at the area where the SMA 50 is rising to meet the SMA 200 and
30-year yield threatens to rise anew Here is the daily chart of the 30yr yield. Looks like a flag breaking out to me. By converting
Sure, anything can happen. But at the moment long-term yields are recovering, which has been the expected course… …if the Continuum is going to reach
We have managed the 30yr yield Continuum all the way up to the caution area (2.5% to 2.7%). I believe that there will likely be