Date: August 2016: 20160809_tsy2.jpg (961×494)

20160809_tsy2.jpg (961×494)

The last two times that the TSY-Gilt differential reached these levels signaled the top in US equities.

Comments

Silver SingularitySilver Singularity
very nice Tim thx 8/10/16
ryans2u - Batting 16.34% in 2014ryans2u - Batting 16.34% in 2014
If I'm reading the chart correctly, and believed it was predictive, I would stay long or neutral the market. The prior TSY -GILT peaked early in 2006 and the market didn't fall until late 2007. That's approaching 2 years of pain before any payoff. Maybe I'm missing something? 8/10/16
Silver SingularitySilver Singularity
right but it's really off the chart...my god! and it's not the only thing to say the least 8/10/16
ClawsClaws
With the national debt at ATHs this is quite clearly sadomasochistic behavior. 
 
I'd like to say that they will fully deserve everything that they have coming to them. The trouble is that we are all going to pay for what they have coming to them and they'll probably be on some remote island sipping cocktails. 8/11/16
DinkDink
The national debt doesn't matter. 8/12/16
...