Category: Money Printing Pump
A Crack
Last week's topics here were the new rally in the dollar and the expected low in bonds. I also said that the dollar rally would eventually manifest as a stock decline, as the value of Central Bank collateral on their balance sheets eroded. I've been tracking that close correlation as subscribers know for some time. These two charts are informative. More info within for subscribers.
click chart to enlarge
click chart to enlarge
The Buck is Back!
Dollar signals abound! Details inside for subscribers.
Here's two versions of my Central Bank balance sheet vs Equities charts. The top chart shows the S&P 500 vs the FED, ECB, and BoJ. The 90 day correlation here is .56. The second chart adds in the PBoC balance sheet and compares it to the MSCI World index. That 90 day correlation is now .76.
click chart to enlarge
click chart to enlarge
Bond Low in Place
Bonds Will Bite
At Some Point, Rates Matter
There's a helluva wall at 2119 cash S&P 500.
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The Wedge Holds (for now)
The wedge has held, with buy signals today from both the VIX and S&P breadth oscillator.
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That Wedge
The S&P rises slowly within its "Wedge of Death."
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click chart to enlarge
click chart to enlarge