The following 1-year daily charts of major world markets show that some of them have broken below their mid-year lows, while others are close to a retest.
World Market Weakness & Negative Yielding Debt
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.
The Bond Yield Continuum and Gold
Have you heard the news? US Treasury bonds are sky rocketing as it turns out there is no inflation amid a global central bank NIRP-a-thon and race to the currency bottom. Going the other way, our 30yr Treasury yield Continuum is burrowing southward.
If you check out yesterday’s post you’ll see proof that the 2018 NFTRH view that people should tune out the bond experts instructing BOND BEAR MARKET!! was 100% on target.
(more…)Are You Still Trying To “Fade” The Bond Rally?
For weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a “fake,” whereas another has been strongly suggesting that investors fade this rally, with many more supporting their opinions. The problem is that these analysts have been trying to “fade” this rally for the last 10-15% up. Yet, I will gladly bank my “fake” 20% profits on this trade.
As each week goes by, I continue to chuckle about how many people do not understand the context of the markets upon which they opine. Remember how certain analysts and investors were that rates were only headed higher back in November of 2018?
(more…)John Maynard Keynes On The “Great Unwind” In Bonds
For all of 2019, I have been watching one analyst after another suggesting investors “fade” the rally in bonds. And, of late, these voices have been getting louder and louder, as I just read yet another article calling for the “Great Unwind” in the bond trade.
Well, folks, decades ago John Maynard Keynes noted about such people that the market can remain irrational longer than they can remain solvent. And, 2019 has certainly proven the truth of Keynes’ perspective when it comes to the bond market.
(more…)Inverted Ripples
Right on the heels of the enhancement mentioned in the prior post, I’ve got another cool tool for Slopers! On the Macroeconomic page, you will see a new link:
If you click it, you get this little beauty:
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