Multipliers Leading the Charge…with update

I often talk about the effect of the Monetary Multipliers, those bullish for stock prices are again: Declining Gold, Declining Oil, declining Dollar, declining 30-05 YC, and a declining 2 year rate. At this juncture the gold action is the most important, while 2 year rates are a total non-event.

Eyes wide open at this time, market is up against resistance, and the hedge sellers have been very active lately, if this market punches through the resistance it will have power.

Keep in mind this is a government debt financed liquidity event, not the creation of a strong economy.

1:00 PM CDT Epic battle today, the market top hedgers are standing their ground and adding to short positions, this is holding back the upside breakout in stocks, but is good in terms of building upside power. The next step in adding power to the forces built up by declining gold and silver is to see the ignition of a long bond rally, we are watching TLT ETF closely today.

This is what we have been waiting for since June 1.
Expanding on the interest rate scene from a market technicals standpoint here are my thoughts. The RSI Ladder from the 02Yr to 30Yr has the 2Yr RSI at 51.3 and the 30Yr RSI at 62.9, this would indicate that the market is more bearish on long bonds than short rates, all this as inflation indicators are showing signs of rolling over probably because corporations in December 2024 anticipated that Trump policies were going to be inflationary and that they should raise margins immediately. Now as those views are vindicated, they can basically coast for a while as the mid-terms come in focus.