Diagonal breakout in T-Bond futures this week on top of a eurodollar that is showing no sign of slowing down - certainly evidence for the continued bull case in bonds
If the Russell 2000 Value index closed the year today 7/10/20, the index would print the worst annual performance relative to the Russell 2000 Growth Index in over 20 years.
As production slows, and new projects are extended out to 2021 and 2022, is now the time to go long lithium?
Online retail names (Overstock, Ebay, Etsy, Shopify, Chegg, Stitch) vs. Mobile payment names (Paypal, Visa, Square, Mastercard, Fiserv). IT Services strength being obliterated by Tech focused Consumer Discretionary names..
Big momentum divergence on this low vol ETF relative to the S&P 500.
TNX appears to be moving with Regional Banks (VNQ) vs. Real Estate (VNQ). Copper vs. Gold continues higher.. big week T-bond futures..
Supercharged Lithium ETF reaching new highs
NG has piqued my interest these last few weeks. From a new quarter century low, to the Oracle of Omaha purchasing all of Dominion Energy's NG assets, somethings happening in this space..
Gold vs. Copper is diverging from T-Bond Futures. Quite the week so far for Gold.. and it's only Tuesday!
Are you team blue or team pink? Will a fourth advance be enough to place Zillow above $67 per share?
This circular relationship is leaving many analysts puzzled as to what's next for the Dollar. Weight of the evidence points to a lower Dollar for now. A truly weak US Dollar means the clocks ticking on the current bull market in Bonds and subsequently the upward trend in equities.
Copper futures reaching new highs this week, while the S&P is still beneath its June 9th peak.
Both ratios measure levels of risk appetite in the market. Since the March low, these gauges have come increasingly more correlated to major stock indices
Gold priced in Aussie Dollar, Yen, and Euro all well above their respective 2011 or 2013 highs. With all the "dismantling" of the US dollar talk - a weak dollar would certainly aid Gold's move to new all-time highs. For the past 2.5 years, we've seen a strong dollar and strong precious metals market. USD rolling over, could be the boost this space needs..
If you asked me 2 years ago Snap would be outperforming Twitter by 50% I'd say you're crazy.. Always interesting and fun to pay attention to some of these ratios that do not have broad market implications.
Consumer Discretionary vs. Consumer Staples remains in "risk off" mode.