Changing Tides for Risk Assets | GoNoGo Charts (01.12)
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.