Author: Kevin Klombies

We have been fixating over the chart of copper futures this month so we thought we should explain what we are looking for and why it matters. We have included three chart comparisons of crude oil futures and copper futures. The...

We start off today with a comparison between the U.S. 30-year T-Bond futures and the ratio of gold to copper futures prices. The basic idea is that copper prices are driven by economic growth and tend to rise when bond prices...

We could probably chew up the entire issue today with a discussion about inflation and deflation but we have other fish to fry so we will make this as simple as possible. Prior to 1990 the markets’ major concern was...

There are many ways to view the markets but there are two that we tend to use quite often. The first is based on real time relationships while the second suggests that what came before impacts what is happening now. Using the...

In the back pages of the IMRA we often show a chart of Wal Mart (WMT) or the ratio between WMT and the S&P 500 Index (SPX). We thought we would once again explain what these are supposed to represent.Wal Mart’s stock...

We tend to use the share price of biotech giant Amgen (AMGN) for some of our work with regard to the U.S. dollar. While many have learned that commodity prices rise as the dollar falls it our contention that when AMGN begins to...

Over the past while economists have argued that the economy will go through a ‘V’, ‘W’, or even ‘L’ shaped recovery. Our thought based on the way the currency and bond markets have been...

Earlier this year we argued that based on the peak in long-term bond prices and subsequent push to higher Treasury yields the markets were ‘saying’ that cyclical growth was beginning to improve. We then argued that...

The stock market crashed in the autumn of 1987 prompting a wave of forecasts of impending economic doom. What was interesting was that the commodity cyclical sectors led the stock markets higher into the crash and essentially...

With the U.S. markets closed for the Memorial Day holiday we will skip our usual Monday issue and move on to Tuesday. We have been focusing of late on the relationship between the share price of Abbott Labs (ABT) and cyclical...