The outlook for the US stock market via SPY, QQQ & IWM as well as gold, oil & bonds via USO, $WTIC, GLD, GDX, TLT, JNK & HYG.
The near & intermediate-term outlook for the US stock market as well as bonds, agricultural commodities, gold, silver, platinum & the related mining stocks. This video starts with an overview of the US stock market via SPY, QQQ & IWM. At the 15:44 mark, the outlook for gold, silver, platinum & the precious metal mining [...]
Back on April 6th in the post titled Muni Bombs, I had outlined the scenario in the first weekly chart of MUB (Municipal Bond ETF) posted below, stating that "A break below this uptrend line is likely to bring MUB (iShares S&P National Municipal Bond ETF) down to levels which will have wiped at least [...]
This video covers the long-term outlook for the bond market as well as some of the near-term developments as well as the potential implications that they could have on the stock market. This video goes in-depth with an overview & discussion on the various type of fixed-income instruments, such as treasury bonds, municipal bonds as [...]
In studying the charts this weekend, I noticed what appears to be an unusual alignment between the typical "risk-on" & "risk-off" asset classes. While the case for the next major leg down in US stocks that I have been making recently was considerably strengthened on Friday, I find it a bit unusual to see what [...]
As a follow-up to Friday's Bond Market Poised for Correction: Prices Down, Rates Up post, there are a couple of notable technical developments in the fixed income markets today, such as the backtest in JNK, a sharp drop in treasury prices following the divergent high & the breakdown below trendline support in municipal bonds. [...]
The price of bonds is typically inversely correlated to interest rates (i.e. prices up=rates down & vice versa), with the one exception being high-yield, aka junk bonds, which tend to trade more in-line with equities as they are much more impacted by the economic cycle than fluctuations in rates. With that being said, it appears [...]