To start things off today we return to a chart comparison that we have shown in these pages on quite a number of occasions in the past. The chart shows 10-year U.S. Treasury yields (TNX) and the ratio between the share price of...
Read MoreFrom minute to minute and from day to day the markets move in such a haphazard manner that it is often difficult to see the forest for the trees. Experts write and say the same things over and over again until we all know...
Read MoreWe noted a few days back that the markets might have to deal with a bit of chaos following today’s Federal Open Market Committee rate decision. We observed that the Fed had embarked on the first of a series of interest...
Read MoreWe have focused so many times over the past few months on the way the U.S. dollar trends ‘with’ the share price of Amgen (AMGN) and inversely to ocean bulk shipping rates (Baltic Dry Index- BFI) that we won’t...
Read MoreOur focus today is on the potential for a sharp decline in the Chinese stock market. Not the certainty of a drop but merely the potential for downward pressure. Our sense is that Chinese asset prices have reached a major...
Read MoreThe broad consensus, we understand, is that the dollar is going to decline and interest rates are going to rise. Since the markets tend to reflect the views of the many the weak dollar/weak bond market theme has dominated the...
Read MoreWe have what we believe is an interesting perspective on what the markets are building up to over the next week or two but before we can get to an explanation we have to lay a little ground work first. At right is a comparative...
Read MoreSept. 14 (Bloomberg) — Copper fell the most in two weeks as swelling inventories stoked concern that demand might weaken. Stockpiles tracked by the London Metal Exchange gained 0.5 percent today to 319,800 metric tons, the...
Read MoreWe are going to do another quick 3-chart comparison today starting off with the chart below t of the ratio between the S&P 500 Index (SPX) and gold futures.From 1980 into 2000 equities outperformed gold. Over the past...
Read MoreWe are going to attempt to make a somewhat interesting point today. The argument begins with the chart of the Shanghai Composite Index at middle right.When viewing a chart one can draw trend lines in any direction, from any...
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