The repudiation by the markets of Federal Reserve policy is almost complete. Economic numbers continue to deteriorate, but from the beginning, Fed policy has not been about the economy. The markets have benefited from QE, and the current run up in asset prices prior to QE3 would suggest that investors quickly learned a winning behavior [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
Most market participants considered QE3 a game changer. With the Fed printing money forever, the bullish crowd somehow determined that nothing could go wrong. Ooops!! Someone yelled “breakout” as the SP500 moved to new cyclical highs, but it appears what they meant to say was “get out” leaving investors to wonder if the announcement of [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
A real time recession indicator constructed from a composite of leading economic indicators, high frequency economic data, and SP500 pricing models continues to suggest that the US economy is NOT in recession.
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
A composite indicator constructed from the trends in yields on the 10 year Treasury bond, gold and the CRB Index continues to suggest that inflationary pressures are rising, and this, on average, is a headwind for equities. The indicator is shown in figure 1, a weekly chart of the SP500. I last discussed this indicator [...]
For the second week in a row, the “most important” chart is the yield on the 10 year Treasury bond (symbol: $TNX.X). See figure 1 a weekly chart.
A graphic representation of the markets to keep you on the right side of the trend.
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
Last week’s game changer seems to be spot on as investors adjust to a world where there isn’t the constant speculation of what the Fed is going to do next. We already know what the Fed is going to do. They have told us that they are “all in”. There is QE to infinity and [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
The Rydex market timers represent a small segment of the investing world. Nonetheless, their actions remain a useful window into the mindset of investors. The Rydex asset data is sentiment data, and it is based upon real asset flows. It is not an investor opinion poll. By tracking the money, we get to see how [...]
QE Infinity is Nothing New
A lot has been made of the fact that QE3 is open ended. It can go on for as long as our financial stewards deem appropriate. Many have dubbed this QE – infinity, and in the end, maybe that is what we will get as many have questioned whether QE is the right tool to [...]