Time for Equities to be Worried?

Time for Equities to be Worried?

Chart below shows locations on the SPX where each of the following are fulfilled: 1) Intra-day high represents a new one-year high 2) Intra-day high at least 50 bps > previous day close 3) Intra-day low at least 75 bps…

Systematic Model Update

The model generated its first sell signal yesterday, 8/20, since March 12th. As I highlight in the chart below, this means NOTHING until one of two things happen (or both): 1) We see lots of choppiness around this proximate top 2)…...

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USD Finally Going to Find Support & Bounce, Hurt Precious Metals in the Process?

USD Finally Going to Find Support & Bounce, Hurt Precious Metals in the Process?

We’ve been broadly bearish on the USD since May. We’ve outlined the justification for that stance in various posts in the recnent past here and here. In a nutshell, from a statistical standpoint, history told us that the USD’s recent…