Anatomy of a Trade: Yen Short (FXY GLD GDX TLT)

Anatomy of a Trade: Yen Short (FXY GLD GDX TLT)

Much attention of late has been focused, with good reason, on rising yields, falling bond prices and the collapse in the Japanese Yen and Gold. So many assets are correlated that as a strategic technical analyst I look for macro themes to show themselves in...
S&P Bulls and Bond Bears Pin Hopes to 1946

S&P Bulls and Bond Bears Pin Hopes to 1946

Higher Rates Can Be Bullish Interest rates follow very long term cycles. Above highlights a 35 year (1946-1981) bond market, but unlike our most recent 35 year (1981-2016) bond market, they were in a rising rate environment (for more than a blip on a chart). From a...
Bond Weary

Bond Weary

S&P Bulls and Bond Bears Pin Hopes to 1946 Interest rates follow very long term cycles. Above highlights a 35 year (1946-1981) bond market–but unlike our most recent 35 year (1981-2016) bond market, they were in a rising rate environment (for more than a...