Banks/Broads in the face of elevated L/T yields
Not very happy signaling from the Pigs Neither nominal KBE... ...nor the KBE/SPY ratio are looking very good in the face of rising yields. Indeed, KBE above is in a…
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April 5, 2022
NFTRH 693, out now
The front page screenshot does not tell us much about the report's contents because I was spent from thinking about details all weekend. But it does have some very helpful…
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February 13, 2022
NFTRH 692, out now
Very helpful as a guide in times of change, sorting through different short and long-term conditions and associated strategies. NFTRH 692, out now. For "best of breed" top down analysis…
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February 6, 2022
It’s almost as if bond market wise guys knew…
10 and 30 year Treasury yields break consolidation We had an NFTRH update yesterday discussing the implications of a consolidation breakout in long-term Treasury bond yields, as was hinted at…
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February 4, 2022
Gold; a stellar picture
Gold's 'real' price indicates a fine 'risk vs. reward' [edit] Since this article will be distributed to a wider viewership than nftrh.com, where regular readers know I take pains not…
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January 20, 2022
NFTRH+; Sector correlations to rising long-term yields
These correlations are several years old, so they are a very generalized view of which sectors do and do not tend to do well when yields are rising. I thought…
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January 4, 2022
NFTRH+; Back on the macro…
Since NFTRH 681 put its stock picking pants on I want to make sure we're following the market backdrop this week if/as things change or affirm. Long-term Treasury yields have…
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November 15, 2021
Bond market to buy the news?
FOMC is set to cease bond buying The worst kept secret in the financial world is that the Fed is going to taper the bond buying macro manipulation that kick…
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November 2, 2021
Risk implied for gold by this picture
Gold as correlated with the CPI/TNX ratio has implied downside Earlier I saw some stuff about a gold breakout and thought about how they never seem to learn. They either…
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October 26, 2021
NFTRH 678, out now
#678 slims down just a bit but covers the relevant areas. And sure, we went macro again in order to help my own orientation, along with anyone else who may…
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October 24, 2021
Inflation Trade, part 2
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. It will be more difficult…
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October 11, 2021
Continuum: Right shoulder, present arms!
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 inflation trades. This after…
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October 5, 2021
NFTRH+; direction may be chosen
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. The 30yr yield is lagging,…
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September 24, 2021
NFTRH+; HUI daily chart & notes on gold, silver and the macro
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 it could halt the bounce.…
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September 3, 2021