Changing Tides for Risk Assets | GoNoGo Charts (01.12)
GoNoGo Charts • 28m
As all of Wall Street dissects CPI data and what that might mean for the Fed’s next rate hike, Alex and Tyler look through what is actually happening from a price perspective. With inflation coming in softer for December, sovereign bonds are stabilizing. Fixed Income “Go” trends mean the pressure is coming off risk assets as yields fall lower. Interestingly, dollar weakness is also providing tailwinds to a long-awaited, much-anticipated rally in Gold and other precious metals. Within the equity space Alex and Tyler flip through many individual names in the Materials, Financials and even consumer discretionary space with new breakouts to the upside and key inflection points for their respective GoNoGo Charts including Berkshire Hathaway, Freeport McMorran, Dow Holdings, Carvana, Dave & Busters, and Bed Bath and Beyond. Yet, the clearest evidence for risk appetite is depicted in the fresh Go Trend for Bitcoin.
Up Next in GoNoGo Charts
-
US Equity "Go" Trend Wobbles | GoNoG...
Alex and Tyler review markets following the recent 50 basis point hike from Fed Chairman Jerome Powell. While the relief rally in the S&P 500 has retained its "Go" trend conditions, early warning signs from GoNoGo Oscillator suggest negative momentum as a threat to the durability of the recent ru...
-
Markets Try to Rally Into End of Week...
After a heavy day earlier in the week Alex looks at how the U.S. Equity markets seem to have found support. He walks through charts over multiple timeframes of several macro factors that impact risk assets such as Treasury rates, Oil prices and the dollar. After that Alex looks in some detail at...