Time for the first Fed Spread of the year! Usually I share this just with my beloved Gold and Platinum members, but this time I’ll open it up to all. Here are the three component parts:
Spread ‘Em
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Last Fed Spread of the Year
One of the (many) advantages of a Gold or Platinum membership is access to Layered Charts. One of the (many) uses of Layered Charts is what I call the “Fed Spread” which ostensibly predicts where the S&P 500 should be in a couple of weeks’ time. Here, hot off the press, are the component parts:
One of 2022’s Biggest Shifts
This has been an eventful year, to say the least. One of the biggest sea-changes to have taken place is how tech stocks have become laggards instead of leaders. Witness the ratio chart of the NDX versus SPX to see how tech stocks have fallen out of favor on even the longest time scale.
Nasdaq Study (by LZ)
I looked at COMPQ today to see if it threw off any different signal from the Nasdaq 100 (NDX) and QQQ you posted yesterday. Only two minor differences stood out: the line from 2009 through 2018 has been acting as resistance and COMPQ is a little higher above the 2009-2020 line.
Holiday Planning (by Xerxes)
We have three trading weeks left in the year. I won’t rehash the many ways the second half of this year has pissed me off, but I remain bearish heading into the holiday season. As anyone who’s read my posts knows, regardless of supposed political positioning, macroeconomic events, whatever, I try to follow what the charts tell me. And the charts messaging to me has not changed all year, we are headed down for coming months.
