At some point the headline makers will figure out that Trump's infrastructure gambit is an effort to trade debt for concrete things (as opposed to financial industry graft), while we still can.
The 35-year bond bull has reached its terminus. Now we get to experience reality again!
Once we go, all the chart destinations for support and resistance fall into place. The Italy referendum is the next big hurdle. Burn down the disco.
SPX 5Y |
17 comments:
Happy Thanksgiving, you stolid mooks. I think I'll go boil some potatoes I dug from Mother Earth last week.
Agree 100% about inflation. You can just see them beginning to spin the inflation narrative. They even drug out the old corpse in a suit Greenspan a while back, to "warn" us about the impeding inflation boogyman. Also notice the ridiculous ramp in copper the past week, yeah that's sustainable. They're hoping, PRAYING for inflation, but it will elude them. There may be a bit more juice to squeeze out of bonds, in the short/mid-term. We'll see. The wife and I had braised lamb shanks, with pureed parsnips for Thanksgiving. Washed it down with some Belgian Ale, Chimay Blue. It did not suck. Happy Thankgiving CG.
Happy thanksgiving. It would be odd to have such a bearish December. But this year has not exactly been normal.
Italy and the FOMC rate hike -- what's not to like?
Any thoughts on this recount nonsense?
Market looks great today.
Any evidence of a move like this not being bought to new highs after the first significant dip? Look at the Russell. Freak show.
cg, I totally agree with your call on rate hike, janet, bring it! the s&P is up over 8% since the last time she raised over 11 months ago. another hike and the s&P could be sitting 2400 in a year which is where I think it goes next year( can you picture it :) )_.
lost track of the # of aths since don won. although 401ks are at record all time high levels and american's are the wealthiest they have ever been. home price back to 2007 all time levels. still say this year is best ever for holiday sales (mostly online acct for the records)
hope all had a great and safe t-giving. 2017 is going to be here in no time.
We've been trading debt for concrete here in Jpn for two decades now and we don't even have the reserve currency, just a safe haven..whatever that is. I lik to play a game called count the potholes when I drive, the thing is I never see them. Go back to the states and it's like a frickin war zone , the roads and bridges, holy hat.
Maximum dystopia?
http://www.npr.org/sections/thetwo-way/2016/11/27/503502142/people-donated-nearly-100-000-to-dig-a-big-pointless-hole-in-the-ground
Utilities finally jumping onboard. Super bullish in the short term.
OPEC cut! This should shake things up a bit!
OPEC is dead.
The 'resets' continue. Unabated
Stocks down, dollar down, bonds down. Long gasoline!!
$NDX ... Multidecade double top
Caldero on bonds.
"A rise in long term yields does not usually affect an economy much until there is an inverted yield curve. This occurs when shorter term rates rise above longer term rates. When this occurs borrowing becomes more difficult, and within about one year an economy begins to contract. The last three inverted yields curves occurred in 2006, 1999 and 1989. Recessions followed in late-2007, 2000 and 1990, which were the years of stock market tops too. The current spread is about where it was in 2014 and 2010, and nowhere near an inversion."
Post a Comment