At 10:17 AM CDT yesterday our FANG / 10year interest rate chart rolled over and then on the close dropped to 4.18. This morning at 10:08 CDT we are seeing a value of 4.10. Here is the chart from the…Continue Reading →
Today is the biggest opportunity for hedgers that we have seen in this whole Bubble Play. See chart here for the adjusted FANG stocks, FANG divided by the 10 year rate, number is down big this morning (at 9:00 AM…Continue Reading →
That you need to keep in mind at this point… And that is by any measure, the stock market is grossly overvalued. You can look at earnings vs price, GDP vs Market Capitalization, etc, all show the same thing. What…Continue Reading →
There is a lot of chatter about Evergrande. I would suggest that this company/stock is just an example of far bigger problems in the Macro economy. The real question is whether the Central Banks, China, US, ECB, will risk trying…Continue Reading →
Our FANG stock price divided by the 10 year interest rate is about to trigger, it got down to 4.41 this morning, not far from the 4.27 after hitting 5.10 recently.
We have been up in Michigan for the past week. What a sad melancholy place. People are dying from COVID, no one is wearing a mask other than a few Chicago based visitors. Except for McDonalds, restaurants are closed or…Continue Reading →
This staging period may take some time. We have seen the initial downturn, the quick 21 day averages basically turned down and are now in kind of a mini bounce as we await the more important 50 day averages to…Continue Reading →
Yesterday and early today we saw the big guys trying to force a low interest rate FANG bubble play by buying both 10 year bonds and FANG stocks simultaneously. That took our indicator to 4.83 a number of times during…Continue Reading →
For the time being this is where I am focused. See yesterdays post for chart and background analysis. We will keep you posted. Recent history of this ratio: Recent high : 8/4/21 5.13 Recent low: 8/12/21 4.26 Today at 9:30…Continue Reading →
As all the factors intermingle within the asset bubble, one thing that needs to be monitored is the aggregate value index of the Fang stocks versus the working 10 year interest rate. Here is the chart we watch in terms…Continue Reading →