Clients: Do Not Miss
My Intermarket Chart Attack: Some Things are Really Broken
** 2019 Roadmap, Opportunities and Dangers **
"Not only is Yen at its strongest in 2 yrs, but my Intermarket DXJ:XYJ ratio work has broken a 3 year-long pattern–to the upside. In Forex land, that looks ominous for $USDJPY breaking $108 +revisiting that flash-crash price near $105."
@DailyFX June 6th
Fancy I caught this... 2s/10s YC
Showed this in my live trading room cuz it was an outsized drop and given outliers revert with velocity, I figured yields would bounce and grabbed some $TLT puts. That inversion save no doubt timed with Trump's call to bank CEOs. $TNX
NEW: Trump held call with CEOs of Bank of America, JPMorgan Chase, Citigroup on Wednesday as the stock market plunged - report
In a finance-centric economy, a sustained inverted yield curve does not forecast recession, it CAUSES financial crisis that lead to a recession. The credit cycle is not yet on its last leg, but risks are growing. https://t.co/finvch27nh $SPY $QQQ $IWM
This is a currency war the US can’t possibly win, though it may cause a global downturn in trying. My latest in @FT https://t.co/KKnFVNw2WZ
Thanks @bkollmeyer for including my tweet on Gold in your must-read daily!
It's hard to believe Gold can move significantly higher until you see these two charts:
$GOLD : $SPX
$GC_F $USDJPY 2