That picture changed changed on June 5th and has held. The Macro cycle of long 30 yr bonds and long gold, short S&P and commodities, remains 2.8% positive on an unleveraged basis. Here is the chart of the macro relationship…Continue Reading →
The refusal of markets to move forward into a “New Normal”, making needed adjustments to where we are in the macro Cycle and the new fundamentals, is weighing on the economy. Interest rates reflect that totality and the Macro Cycle…Continue Reading →
Based on overnight trading the trade is sitting with a 2.3 % profit, down from 5.0 % at last weeks high for the trade. Will update post as this important day unfolds. What we are seeing basically is a collision…Continue Reading →
That is the date when the long financials (bonds and gold) vs the short assets (S&P and Commodities) triggered. Here is the index chart updated at 11:00 AM CDT, S&P was at 3147 at that point. It is up around…Continue Reading →
This morning in our most aggressive accounts, we have sold our gold position and moved the money into triple leveraged SQQQ short NDX 100 stock ETF. The reasoning is that GOLD so far in the move appears to be more…Continue Reading →
This from Bloomberg News this morning: By this point, you’re probably tired of hearing the economy described in alphabet shapes. V-shaped, U-shaped, K-shaped etc. Nonetheless, it’s worth pointing out how easy it is to be deceived by certain types of…Continue Reading →
It is obvious that the US Economy and COVID-19 need a cure. That is not going to be easy. Obviously the COVID cure is out of our hands, all we can do is try to be safe. While the chances…Continue Reading →
Who we are talking about are all the investors and traders that over the last 9 years (since start of QE2) have become believers in a funny money world. As we continue to try to convey, COVID 19 was a…Continue Reading →