Market Road Maps, TNX Road Map
Our previous update (Jan 21/2017) gave a couple of high probability possibilities to watch out for. Our first paragraph said: “An initial break of 2.3 offers potential opportunity for a drop to fill the first gap, with a another potential drop to the next blue s/r zone below”. This is pretty much what occurred. Initially the […]
AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41% — SOURCE: 04-27-18 ContraCorner – “Jumping The Great White Shark Of Bubble Finance” Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a $50 billion surge in market […]
SPECULATORS HAVE NEVER BEEN MORE SHORT BONDS…EVER? – NOR ARE SPECULATORS SELDOM RIGHT!! — SOURCE: 04-28-18 ZeroHedge “”This Won’t End Well” – Speculators Have Never Been More Short Bonds… Ever” — “It’s a no-brainer…” As the yield on the 10Y US Treasury note broke above the 3.00% Maginot Line this week (for the first time […]
ITS THE 2Y UST, NOT THE 10Y UST THAT IS WORRYING BOND INVESTORS — SOURCE: 04-24-18 ZeroHedge – “It’s 2-Year Yields, Not 10-Years, We Worry About Most” — Earlier today, we showed that according to a growing number of traders and strategists, “the scariest chart for investors” is not the 10Y, and whether or not it is […]
ITS THE 2Y UST, NOT THE 10Y UST THAT IS WORRYING BOND INVESTORS — SOURCE: 04-24-18 ZeroHedge – “It’s 2-Year Yields, Not 10-Years, We Worry About Most” — Earlier today, we showed that according to a growing number of traders and strategists, “the scariest chart for investors” is not the 10Y, and whether or not it is […]
BoAML: “THE 10Y UST IS NO LONGER A “SAFE ASSET” – HERE’S WHY” — SOURCE: 04-26-18 ZeroHedge – “BofA: The 10Y Treasury Is No Longer A “Safe Asset”, Here’s Why” — At the end of his lengthy presentation to DoubleLine investors in January, Jeff Gundlach, who was aggressively pitching commodities at the time, a trade that has […]
BoAML: “THE 10Y UST IS NO LONGER A “SAFE ASSET” – HERE’S WHY” — SOURCE: 04-26-18 ZeroHedge – “BofA: The 10Y Treasury Is No Longer A “Safe Asset”, Here’s Why” — At the end of his lengthy presentation to DoubleLine investors in January, Jeff Gundlach, who was aggressively pitching commodities at the time, a trade that has […]
CHINA, GLD, RUSSIA, TRIGGER$ May 2018, TURKEY
RUSSIA, CHINA, TURKEY ACQUIRE GOLD WHILE DEPOSITS AT NY FED CONTINUE TO BE REPATRIATED The golden noose? The build-up of gold reserves by non-Western countries is something which could end up tipping the scales of the global order. Many believe that should bad relations continue between the US and these nations then US-denominated assets currently […]
RUSSIA BUYS 300K OZ OF GOLD IN MARCH – NEARS 2K TONS IN RESERVE — SOURCE: 04-24-18 GoldCore via ZH – “Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Reserves” — –FURTHER REFERENCE: 03-20-18 ZeroHedge -“Russia Is Hoarding Gold At The Fastest Pace In 12 Years” — Russia buys 300,000 […]
HYG, JNK, LQD, TNX, TRIGGER$ May 2018
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS HY Leverage at record highs.. HY spreads returned to their January tights while their IG (Investment Grade) and EM (Emerging Markets) counterparts remain significantly wider…