In the chart below yields on the 10 year JGB reached decade-old support dating back to 2003. Those yields experienced an aggressive intra-day move higher off support. What now for JGB prices and yields?
One of the things we have increasingly struggled with is that the Nikkei’s recent price action continues to statistically align with periods of instability and downside in the Dow. Just yesterday we had a post here pointing out as much,…...
No crappy editorials on how bad Japan’s economy is and debt this, inflation/deflation that, demographics him, GDP growth her… One chart. The ratio of the Yen vs. Nikkei has traveled in this upward channel defined by lines (1) and (2)…...
With the Nikkei’s massive move last night it has managed a two-day, +530 bps rally. At the same time, its bull cycle is stretched as the four-year RoC already stands at +44%. In other words, though being deep in the…...
There are plenty of people out there on the intra-webs (far more intelligent than us, no doubt) that spend their days opining on the virtues of why it’s essential for our financial-souls and well-being that we understand the inner workings…
Present the Dow below with a large inset of the ratio of GE vs. the SPX. Note that the ratio of GE vs. SPX has tended to trade in a sideways, cyclical channel since the 1970s as defined by lines…...
In the chart below I present silver, inverted, on a monthly basis. I inverted the chart to mess your head up. By doing so, you can’t look at it with the preconceived notions and biases you already had; it’s nearly…...
All the way back on July 16th we began building a strong bullish case for out-performance in bio-techs. The group is up 43% since then. Along with airlines, I would say bio-tech/healthcare was the group we focused the most amount…...
Historically, three-day declines of at least 13% in corn as we’ve just witnessed with today’s decline, are indicative of: 1) multi-year corn bear markets 2) multi-year commodity bear-markets per the CRB Commodities are in a bear market and are likely…...
The Nikkei gained 19.3% in 1Q13. Impressive, no doubt. How impressive? Since the late 1890s the Dow has had only 11 quarters where it’s gained at least 19%, making such occurrences a 2.4/100 event. I present those instances in the…...