Author: Kevin Klombies

We are going to deal with trend changes associated with pivots for interest rates today. This is a topic that we always find rather intriguing. The chart below compares 3-month eurodollar futures prices with the ratio between...

We tend to believe that history repeats but always in a slightly different way and rarely (i.e. never) in the way that you expect. Yet when you look back at long-term charts you can often see the same basic trends and cycles...

We are not sure whether there is ever a true rhyme or reason with regard to the topics that we cover on a daily basis in these pages. Usually we show perspectives on issues that we are thinking about which can lead to a bit of a...

Feb. 11 (Bloomberg) — Gold fell from a three-week high as an advance by the dollar eroded demand for the precious metal as an alternative asset. The greenback rose for a second straight day against a basket of major...

We tend to focus on two markets ‘lags’. The first is the 2-year lag between the trend for interest rates and cyclical asset prices while the second deals with the 9-month lag between various cyclical asset markets as...

We are going to return to an idea that we haven’t dealt with for a number of months. The argument is that there is a basic and recurring relationship between the trend for Hong Kong’s Hang Seng Index and the CRB...

All things considered it has been a good time to hold a positive view on the equity markets and a negative view on bond prices. Feb. 8 (Bloomberg) — U.S. stocks advanced, giving the Dow Jones Industrial Average its longest...

One of the reasons the markets are usually so challenging is that the reactions to ‘news’ are often in unexpected directions. If something is intuitively obvious… chances are the markets have already...

We have argued that we expect upward pressure on interest rates through into the second half of 2012 with the potential for the U.S. yield curve to flatten out in the vicinity of 4.5%. With 30-year yields already through 4.7%...

The investors or traders who do best during any markets cycle are those who are on the right side of the trend and have the greatest level of conviction. In other words it doesn’t do much good being on the right side of...