Monday’s tape raised its odds of another rate increase and sold gold by 3.95% in the same session. The textbook says those two things disagree. We go looking for which one is telling the truth.
...The 2-year jumped eleven basis points on Monday as the market raised its odds of another increase. Gold spot, which exists for that exact risk, fell 3.95%. Somebody is wrong.
...SPX is flipping off the 7780 zone again, Uncle Russ keeps up the lazy decline, and my fast bear move is back on the table. Here’s why I’d welcome it with October around the corner.
...The Dow gained 479 points on Friday and 10 NYSE stocks made a 52-week high. The front end fell 6 basis points and the 20-year closed at September’s highest anyway.
...The Dow added 479 points on Friday and 10 NYSE stocks made a 52-week high. Another 93 made a new low. The 20-year closed at September’s highest and the weekend removed the rest.
...Markets tanked, Iran talked peace, markets pumped, and my head came clean off. VIX played peekaboo with 16, Gold barely clung on, and Bitcoin, of all things, turned out to be the voice of sanity. Here’s how my SPX and RUT bear swings are locked, and what BTC needs for the next add-in.
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