FED FUND FUTURES DON’T BELIEVE WHAT THE FED IS CURRENTLY “SPINNING” The Fed Funds target rate according to the FOMC members’ median ‘Dot Plot” is UP. The Fed Funds Futures market says down! The markets don’t believe what the Fed is currently “spinning”!
THE US$ IS REPLACING THE VIX AS THE NEW GLOBAL RISK MEASURE — CLIPPED FROM: 08-14-18 – “Forget About Turkey: Asia Is The Elephant In The Room” — Back in November 2016, the BIS picked up on a topic we have often discussed over the years, namely the critical role that dollar abundance (or shortage) plays […]
GOLD CHEAPEST RELATIVE TO STOCKS IN 11 YEARS – JUST PRIOR TO FINANCIAL CRISIS Chart Courtesy of ZeroHedge.com
GOLD: THE CHINESE HAVE CHANGED THE WAY THEY LOOK AT IT — SOURCE: 08-07-18 the MacroTourist – Kevin Muir – “Gold: Have The Chinese Changed The Way They Look At It?” — At the risk of alienating all my readers who view gold as a barbarous relic, I am chancing one more post to expand […]
RUBINO: FUTURES SPECULATORS NOW CLOSE TO BEING NET SHORT GOLD – A RARE EVENT! — SOURCE: 08-08-18 DollarCollapse.com – John Rubino – “Another Week, Another Improvement In Gold’s Prospects” — The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price […]
THE CASE FOR GOLD ABOVE $1400 (+15%) BY YEAR-END — SOURCE: 08-08-18 Daily Reckoning – James Rickards – “That Signs Point To A Global Slowdown” – As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged. This forecast […]
HYG, JNK, TNX, TRIGGER$ August 2018
SHORT INTEREST IN GLOBAL JUNK BOND ETF’S JUST HIT AN ALL TIME HIGH
JP MORGAN CEO JAMIE DIMON WARNS OF 5% TREASURY YIELDS JPMorgan CEO sees potential for 10-year yield to reach 5 % Says c–rrent bull market could run for 2 or 3 more years — SOURCE: 08-06-18 Bloomberg – “Jamie Dimon Warns of 5% Treasury Yields” — Noting content with a previous warning that investors should brace for […]
THE FORGOTTEN “MARK-TO-MARKET” RULE CHANGE IS KEEPING US TREASURES FROM COLLAPSING — SOURCE: 07-22-18 The Epoch Times, Victor Sperandeo – “The Rules of the Bond Game” — There are powerful incentives for private banks to keep buying Treasurys despite rising supply and inflation The seal of the Federal Reserve on a U.S. banknote. The Treasury, […]
JNK, TNX, TRIGGER$ August 2018
BORROWERS TREADING CAREFULLY IN EUROPE’S FRAIL JUNK BOND MARKET — SOURCE: 07-27-18 Bloomberg – “Borrowers Tread Carefully in Europe’s Frail Junk Bond Market” — Lesser known companies with tight pricing won’t fly: BNPP AM Deals that paid well have been successful: Janus Henderson Three high-yield borrowers in the European market are trying to avert meeting […]