A STRONG DOLLAR ALSO BEHIND BOND RALLY Some investors are buying U.S. Treasurys without hedging against the risk of a decline in the dollar International Carry Trade investors typically hedge their holdings of foreign bonds using derivatives AS A CURRENCY HEDGE, which allow them to borrow a foreign currency in exchange for their own and […]
HYG, JNK, TNX, TRIGGER$ June 2019
INVESTORS FLEEING HIGH YIELD, SIMILAR TO FINANCIAL CRISIS Investors are starting to come to a more realistic outlook about the forward-looking growth prospects, as well as the power of central banks to pump up asset prices. Tyler Durden reports that: It seems the warnings from PIMCO’s Scott Mather that: “We have probably the riskiest credit market […]
TNX MACRO Technical, TRIGGER$ June 2019
SII – BONDS AT CRITICAL TECHNICAL INFLECTION POINT WITH INFLATION PRESSURES LOOMING The Macro Analytics “Secondary” Indicators for the 10Y US Treasury illustrates that with the recent drop in yield we have achieved our target yield which we established last fall. Here is the current 10Y US Treasury for yield as measured by the “TNX”: […]
MATASII PRECIOUS METALS HAVE BIG DAY ON MARKET ROUT
Q1 “FAANG” REPORT CARD So far its been another big year for MATASII’s SII FAANG & NOSH stocks. After a difficult end to 2018, when the group was hammered alongside the broader market worries, the large-cap tech stocks have come roaring back in a rally that’s largely continued through the release of their first-quarter earnings. So far […]
A BAD DAY FOR GOOGL TAKES DOWN THE FAANGS $100B GOOGL spooked Nasdaq futures (as did weak China PMI and Mulvaney’s comments of the China-US Trade Talks)… With investors having hugged their margin clerks for months, hoping to chase outsized returns during what many have dubbed a melt up, today they are hugging the […]
HEALTHCARE FINDS 100 DMA SUPPORT – IS FANG & NOSH NEXT? As Bloomberg notes, valuations are a notoriously poor tool for market timing, and forward earnings estimates could prove to be too low, so this alone shouldn’t necessarily serve as a sell signal. However, notice the divergence in fortunes between tech and health care that’s […]
CHINA CURRENTLY DRIVING US TREASURY YIELDS HIGHER …the story is the cyclical upturn in China something commodities were foreshadowing. The slew of better data out of China is turning yields back higher along with it. China CPI, M2, Exports, and Aggregate Financing all turning higher off the lows The bounce in the data has been […]
TRIGGER$ April 2019, USD Macro Technical
MACRO ANALYTIC COVERAGE INITIATED US DOLLAR INDEX (DXY) A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS REFERENCE SII – CURRENCIES – US DOLLAR (DXY) MATASII SYNTHESIS: CHART PACKAGE INDEX: ORIGINAL TRIGGER “IDEA” CURRENT TRIGGER “IDEA” CHART MACRO ANALYTICS PRIMARY INDICATOR – Longer Term: 6 Months – 2 Years 12 & 24 Monthly MA Bands […]
WHY RUSSIA IS BUYING GOLD & DUMPING US$ AT FASTEST PACE IN DECADES The dollar’s share of global central-bank reserves slumped to the lowest level since 2013 while holdings of the Chinese yuan rose for the fifth quarter in the past six In April and May, Russia’s central bank liquidated $81 billion in Treasurys, nearly […]