With the U.S. markets closed yesterday perhaps the biggest news was the 3% decline in the Chinese shares market. Jan. 17 (Bloomberg) — China’s stocks plunged, driving the benchmark index down the most in two months,...
Read MoreAfter reviewing a host of charts and perspectives we often come away with a clearer sense of what the markets are up to. There are even times when we gain a real conviction about how the future is going to unfold. ...
Read MoreThose who are familiar with our work probably won’t be surprised to read that we have an affinity for doing weird things with charts. We turn markets upside down, create strange ratios and combinations, and periodically...
Read MoreLike a pebble dropped into a still pond creating ripples that extend and expand effecting conditions in all directions… a seemingly minor change in one market can alter the trend in a myriad of ways. Our initial focus...
Read MoreWe thought that we would take one more run from a slightly different perspective at the chart comparison that we showed in yesterday’s issue. Below we feature 3-month eurodollar futures, gold futures, and the S&P 500...
Read MoreDuring the tail end of the 1970’s gold prices rose as a hedge against inflation. Our view is that gold has been more of a deflationary hedge time around. In other words if the peak in interest rates in 1980 marked the top...
Read MoreEvery time the bond market sells off nervous investors fear that hyperinflation is right around the corner. It may well be that the dominant theme through this decade will prove to be rising inflation as the monetary chickens...
Read MoreWe are going to check in with a relationship that we focused on back in 2009. At right is a comparison between the S&P 500 Index (SPX) and the combination of the CRB Index (commodity prices) and U.S. 30-year T-Bond futures...
Read MoreWe are going to continue to focus on the two potential outcomes suggested by the 9-month decline in crude oil futures prices relative to the CRB Index. In yesterday’s issue we showed that a return to energy price strength...
Read MoreWhat a difference a month makes. To explain why a month can make all the difference in the world to the markets we start off with the chart at top right of 10-year Treasury yields and the sum of copper and crude oil futures from...
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