We are going to show a series of six charts today that illustrate some relationships that have evolved over the past five years, in particular the past 9 months. Some are probably causes, some are probably effects, but in total…Continue Reading →
Volatility indicators show that the market is totally in a state of disbelief. So many times over the past 6 years the FED has stepped in and rescued the players. Will they step in now, and with what? We are…Continue Reading →
I like to watch the Fed Balance sheet numbers because they are more important and say more than the public talk of the Fed Governors. The measure that I prefer, is the six week change in the Balance Sheet, it…Continue Reading →
For whatever reason the three markets where the Macro’s are Bullish, Stocks, Bonds, and the Dollar are all showing signs of wearing out. As we mentioned last week, we exited our long T-bond position, and we are seeing the dollar…Continue Reading →