In recent issues we have focused on the relationship between long-term Treasuries and the share price of Goldman Sachs. The argument has been that we are mired in a Eurozone crisis similar in many ways to the Asian crisis that...
Read MoreThe key question at this time is whether the bond market is rising in price temporarily in response to the series of crises emanating out of the Europe or whether, in fact, it is forecasting a significant slowing in economic...
Read MoreJune 2 (Bloomberg) — President Barack Obama said the Gulf of Mexico oil spill should send an urgent signal to Congress to complete work on energy legislation, including rolling back “billions of dollars in tax...
Read MoreWe are going to return to an argument that has graced these pages on many occasions since at least 2007. Probably even earlier. At top right is a chart comparison between the U.S. Dollar Index (DXY) futures and the ratio between...
Read MoreThe Decade Theme argues that the trend for asset prices is similar during individual years within a decade. For example, crashes and crisis have tended to occur during the ‘7’ and ‘8’ years while asset...
Read MoreWhen the day comes that the bond market, dollar, yen, and gold prices stop rising we will probably feel somewhat better about the equity markets. Aside from that… we really do have the feeling that we have seen all of...
Read MoreThe issue is not whether the equity markets can move lower but rather whether this is the start of a replay of 2008. In other words we can all probably live with a few percentage points of near-term down side pressure as long as...
Read MoreAfter a week away from the markets we are going to start off today using a rather bizarre perspective. We have actually set up and removed a number of chart-based arguments as we searched for something that might help to explain...
Read MoreWe grant that the left side of the chart always makes more sense than the right side but as we worked through past trends and cycles we couldn’t help but notice that there was a kind of cyclical disconnect in the Asian...
Read MoreQuestion: Why could strong gold prices prove to be a positive for the S&P 500 Index? While the question might be fairly straight forward the answer requires a bit of an intermarket explanation. At right is a...
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