Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS BOND BUBBLE LONG END OF THE TREASURY YIELD CURVE IS BREAKING HIGHER! Right on-time US Treasury Yields are spiking higher, as we have been warning of in prior newsletters. As we outlined, this Is a result of the correlation since 2008 with the […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS RISING INTEREST RATES RISING INFLATION YET RISING REAL RATES???? We clearly have mounting inflation pressures yet we are also seeing rising real rates. How exactly does that work?? To understand how this could happen is to understand what lies ahead! First, Real Rates […]
GLOBAL DEBT TOPS $244.2T, CRITICALLY EXCEEDING 3X GLOBAL GDP — MATASII RESEARCH ANALYSIS & SYNTHESIS — As of Q3 2018 global debt equaled $244.2T, equivalent to 318% of world GDP. This is nearly 3X Global GDP. While debt is at a record high, interest rates are close to record lows (via Financial Repression) which […]
HERE’S WHY WE HAVE A “FAKE NEWS” YIELD CURVE INVERSION OPERATION TWIST – REDUX 2 If we examine this year’s Treasury auctions compared to last year we see from days gone by an interesting reincarnation of “Operation Twist”! We are seeing The 2 and 3-year Treasury issuance growing at ~30 percent, The belly of the […]
MATASII’S PROPRIETARY “MATA INDICATOR” CALLED THE CORPORATE INVESTMENT GRADE SELLOFF MATASII SII ANALYSIS: LQD Corporate Bond ETF IDEA – March 4, 2018: The weekly (left) chart for LQD shows a significant lift from $78.00 in 2009; topping around $124.00 in 2012; and moving sideways in a slightly contracting wedge since. The boundaries of the wedge pattern […]
THE HEADLINE: Worst October For Junk Bonds Since 2008 As Yields Surge MATASII SII ANALYSIS: LQD Corporate Bond ETF IDEA – March 4, 2018: The weekly (left) chart for LQD shows a significant lift from $78.00 in 2009; topping around $124.00 in 2012; and moving sideways in a slightly contracting wedge since. The boundaries of the wedge […]
HIGH YIELD BOND ALERT – “JNK” & “HYG” NOW AT MATASII DOWNSIDE TRIGGER 1- The MATASII BOND & CREDIT SII HAS BEEN WARNING OF THIS FOR SOME TIME (See SII Page): PRESENT MATASII FOCUS IS TWO FOLD HY CORPORATE JUNK BONDS – Is Setting Up for a Major Decline As Credit Markets Tighten (See “Road Map […]
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 CORPORATE YIELD CURVE HAS JUST INVERTED — SOURCE: 06-19-18 – “The Corporate Yield Curve Has Just Inverted” — A very interesting observation by the Nedbank analysts is that: The corporate sector curve (Baa-rated Corporates less the Prime rate) has now inverted. The implication of this is just as profound as a sovereign yield curve inversion as it […]
SIGNS CREDIT CYCLE IS TURNING AS “CASH ONCE AGAIN KING”! The current S&P 500 Dividend Yield is 1.89% While: 3 Mo. Bill = 1.91% 6 Mo. Bill = 2.08% 1 Year Note = 2.28% 2 Year Note = 2.56% 5 Year Note = 2.90% 10 Year Bond = 3.05% Courtesy of ZeroHedge Courtesy of […]
