Authored by EconomicPrism's MN Gordon, via Acting-Man.com,
One Ear to the Ground, One Eye to the Future
Treasury yields are attempting to say something. But what it is exactly is open to interpretation. What’s more, only the most curious care to ponder it. Like Southern California’s obligatory June Gloom, what Treasury yields may appear to be foreshadowing can be somewhat misleading.
Behold, the risk-free tide…
Another day, another guidance cut by a retailer, this time from Macy's which during its investor meeting, warned investors that the company's gross margin could be below the forecast given just this part February, some 60-80 basis points lower.
Is a new bull market in metals about to “Get Started?” Lets look at one indicator that is attempting to send a bullish signal, for the first time in 6-years.
Below looks at the Gold Futures/US Dollar ratio, since 1999 on a weekly basis-
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If the collapse in Qatar's bond and stock markets was not enough to warrant concerns, the Riyal peg is now coming under great pressure as FX forwards crash to their weakest on record
It is clear that this is not just speculation in the forwards market, as the spot market has also been slammed, presumably by outflows, sending it to its weakest since 1998...