THE US$, 10Y UST, YIELD CURVE AND TRUMP APPROVAL RATING ARE HIGHLY CORRELATED The US Dollar and 10 Y US Treasury has become a "close correlation trade" But Also Remember Trump's Approval Rating is Closely Tracking the US$ As well as the US Treasury Yield Curve A possible rise in the US$, despite lower UST […]

Sovereign bond yields are really one big market in the current era. Different central banks are having different types of inflation or deflation fights all the time and are varying states of the stimulate-normalize-hike cycle at any given time. But this is swamped by the ability of global portfolio managers to allocate capital all over […]

CENTRAL BANK'S INCREASING OWNERSHIP OF THE FINANCIAL MARKETS The Central Bankers are quietly "taking over" the ownership of the Financial Markets. They are effectively "Nationalizing" the markets.   RECENT ANNOUNCEMENTS: JAPAN: Japan's Second Largest Bank Plans To -Plow- 100 Billion Yen In Stocks - JAPAN - The BOJ owned about 71 percent of all shares in Japan-listed […]

SEPTEMBER S&P 500 TARGETS TARGETS S&P500 THERE IS A POTENTIAL 2018 FINAL LIFT TO  ~2575 BY Q2 SPRING 2018 EARNINGS SEASON CURRENT SUPPORT FOR NEAR TERM RETRACEMENTS ARE: INITIAL DOWNSIDE MOMENTUM TEST  =  2360 CONSOLIDATING SUPPORT POSSIBILITY IN Q3 2017 = ~2300 CRITICAL WAVE SUPPORT = 2130

ELLIOTT WAVE THEORY INDICATES STRONG PROBABILITY OF PATTERN CULMINATING IN SPRING 2018 Appears to be setting up for a Push Lower Into October Before Rising to New High in Early Q2 2018 (see Bottom Chart)

AUGUST UPDATE: STILL WAITING ON LONG TERM PRIMARY MMA's TO "CURL"

S&P 500 APPROACHING NEAR TERM INFLECTION POINT PRIOR GUIDANCE: "If Wedge is Broken, Look for S&P 500 to Move Lower to 2360" WHAT OCCURRED: We Broke the Wedge and  Are Now Trying To Test The Wedge Underside 

SEPTEMBER 2017 UPDATE: POST 2008 BOUNDARY CONDITIONS

CREDIT WORRIES QUICKLY EMERGING IN $7.2T US INVESTMENT GRADE BOND MARKET Investors don't want to sell their corporate-bond holdings because they know it could be difficult to buy them back in the future. But they are are feeling less secure owning the debt, especially at such high valuations. So they're either: Getting exposure to the securities […]

BANKS HAVE STARTED TO PULL BACK ON CREDIT GROWTH Banks have started to pull back on credit growth.  Of course, as we all know well, bad things happen to Ponzi schemes when people are no longer able to refinance their old credit with new credit... ADDITIONALLY: Banks are  pulling back on subprime card loan growth.  […]

HIGHEST COMEX GOLD TRADING VOLUMES IN AUGUST - EVER!  

CORE CPI & CORE PCE INFLATION TRENDING LOWER

WATCH US$ & CONSUMER COMFORT AS ECB'S OCTOBER 26TH MEETING APPROACHES! Unless you have been living under a rock you are well aware of what has been driving markets higher during the "Bull Market" and more recently, holding markets up. But all of this is in the process of changing as the Central Bank "PUT" […]

RISK-OFF FLOWS INCREASING - BONDS & GOLD BID - WATCH THE US$ FOR A "PANIC TO SAFETY" --SOURCE: 08-18-17 BoAML - Michael Hartnett (Via ZH) - "BofA: "This Is The Key Risk-Off Signal" Ahead Of This Autumn's "Big Fall" -- One month ago, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment […]