The markets are stretching for Dow 2k, but remain just out of reach as payroll reports also fall short and continue to show a weak labor market. These reports are a bit unexpected has holiday sales, including autos, were strong, but so was the amount charged on credit and incentives which has left consumers more in debt in a higher interest rate market. Hope and expectations run high. What nobody sees coming is the black swan event that is likely to be triggered by falling global liquidity. For this and other economic news, along with my thoughts on falling interest rates and when I think we will move into Gold, be sure to tune into this week’s update.
Bonus Section: An analysis of 10-year Treasury yields, a look at price levels on Gold and Gold Miners, macroeconomic indicators, percentage of stocks trading above their moving averages, total put/call ratio
and charts from the recent Commitments of Traders report.
Weekly Update (15 min):
- S&P 2,400?
- 250 Days and Counting…
- Jobs Reports Disappoint
- Auto Sales Surge
- It’s All About Hope
- Holiday Sales & Debt Up
- Restaurants Indicate Recession Looms
- The Black Swan Nobody Sees
Bonus (9 min):
- S&P 500 vs M1 Money Stock
- iShares 20+ Year Treasury Bonds (TLT) vs M2 Money Stock
- Gold vs M2 Money Stock
- Gold Miners (GDX) vs M2 Money Stock
- Ten Year Treasury Yield Support Levels
- Gold (GLD) Support Levels
- Gold Miners (GDX) Support Levels
- S&P 500 vs % of S&P 500 Stocks Above 50-day MA
- S&P 500 vs % of S&P 500 Stocks Above 200-day MA
- S&P 500 vs Total Put/Call Ratio Relative to its 20-day MA