Gordon T Long Global Macro Research | Macro-Technical Analysis SII BONDS & CREDIT IS SOMETHING BREWING? We have highlighted on numerous occasions in prior video releases how the reality of fundamentals and valuations have effectively ‘disconnected’ from the equity and bond markets. This is not unexpected since markets historically shift from extremes of confidence versus […]
Gordon T Long Global Macro Research | Macro-Technical Analysis SII BONDS & CREDIT US TREASURY BENCHMARK SIGNALING PONTENTIAL YIELD BREAKOUT We are witnessing some notable movements in two key benchmarks we are following. The 10Y US Treasury Yield is showing initial signs of a potential broken-out to the upside from a tight consolidation pattern. […]
Gordon T Long Global Macro Research | Macro-Technical Analysis SII COMMODITIES – BONDS & CREDIT CHINA MAY HAVE BEGUN PLAYING ITS “TRUMP CARD”? What most are forgetting is that when it comes to any global reflationary spark, China – and its $40 trillion financial system which is double that of the US – has been […]
Gordon T Long Global Macro Research | Macro-Technical Analysis SII BONDS & CREDIT IT’S THE MORTUARY FOR MANY MUNI’S & REMAINING MONOLINES The Muni Bond Market and still solvent Monoline insurers were already facing serious funding and credit rating problems prior to Covid-19, which has made the situation even more tenuous, despite the Fed’s Municipal […]
US 10Y TREASURY PUTTING IN A CLASSIC “BOTTOM” & “REVERSAL” PATTERN After breaking through the TNX’s long term overhead resistance we fully expected the long term overhead resistance to be tested since technically what was ‘resistance’ often becomes support after a breakout. Additionally, since the TNX was coming from its upper 12 & 24 MMA […]
CREDIT MARKETS CRACKING IN A SYSTEMIC LIKE FASHION Here are Monday’s charts pulled from a report which give further detail of the yield drop shown above in the current “TNX” MATASII chart. VIX vs HY vs IG Credit markets are starting to crack more systemically… Flashing very bright warning lights to stocks… BONDS Bond […]
SCHIFF: BOND MARKET RIGHT BUT MAKING WRONG BET Peter Schiff is out with a new note that on how he believes the bond market is right about its views and reaction to the pending recession. However, he feels they are missing what the outcome of the recession will be. That outcome is STAGFLATION. This would […]
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 […]
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”: […]
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 […]
