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 [...]
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 [...]
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HYG & JNK are the two most popular high-yield (aka- junk bonds) bond ETFs & both are current at or very near both key downtrend line & horizontal price resistance levels. While the MACD is still pointing higher, the possibility that junk bonds continue to rise & take out these resistances levels certainly exists 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 [...]