The Doji star topping pattern is showing up in the equity and bond markets
Chris Kimble, Founder of Kimble charting solutions joins me to share some charts outlining the Doji star topping pattern. This pattern is popping up in the bond market as yields have been testing a downtrend line and in the S&P. April is an important month for this pattern to take hold and pull both yields and equities down.
With A Yield Curve Further Inverting What Other Markets Are Going To Break
Chris Temple joins me to wrap up the market moves today. The 3month/10 year spread continues to invert and the USD closes in on the 97 level. Those are just a cou0ple markets that investors need to pay close attention to when considering what the Fed is going to do next.
Recapping The major News and Events For The Markets
Joel Elconin, Co-Host of the Benzinga Pre-Market Show joins me today to outline the key stories and events for the markets. We discuss the Fed statement last week and following moves in the bond market. Also the rotation back into the FAANG stocks and the set up for gold is addressed.
Hour 1 – The Environment Where Central Banks Are Scared
It was another interesting Fed meeting and statement that caused some serious volatility in the markets to end the week. No doubt a risk off trade has developed as yields fell hard around the world. Be sure to go back through the week and listen to some of the daily editorials posted post-Fed. There’s a lot of good information.
Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx shares his thoughts on the Fed statement and situation that the central banks are in. Interest rates are historically low, and even negative in many countries, but the global economy continues to slow.
Segment 2 – Chris Vermeulen, Founder of The Technical Traders has some thoughts on how far the market could breakdown.
Segment 3 – Jeff Christian, Managing Partner at the CPM Group weighs in on the precious metals markets and when he sees a recession hitting the US.
Segment 4 – We get an update from IsoEnergy and the President and CEO Craig Parry. IsoEnergy has been drilling some good exploration holes and looking to continue stepping out through the year. Click here to visit the IsoEnergy website.
Chris Temple joins me to share his thoughts on the major move we saw today with money focusing on risk off assets. Yields continue to fall around the world and in the US the 3month/10 year spread inverted for the first time since 2007. The question now everyone is left with over the weekend is just how far markets will pullback when we start next week.
Doc is with us today to outline a scenario where he sees bonds and US markets topping together. While both have been strong recently he is not saying this will happen tomorrow. It’s not typical to see both these markets move down together so the bigger picture view would be very negative if this happens.
Eddie Ghabour, Co-Owner of Key Advisor Group and author of the soon to be released book The Common Sense Bull joins me to share his thoughts on he is looking a the bond market for signs of US market health. With a big pullback in yields to end last year Eddie argues this will further support US equity prices through this year.
Fed Targeting >2% Inflation and A Steepening Yield Curve
Chris Temple joins me today to address a Wall street Journal article and comments from the NY Fed’s John Williams regarding inflation. The article stated the the Fed would be willing (and even happy) to see inflation run over 2% to even out the recent past of less than 2% inflation. We discuss if this is even possible and how much this signifies the recent change in fed policy. We also look at the flat yield curve with the 10/2 spread remaining in the mid-teens.
It’s a Market Driven Short Term Noise and Long Term Data
Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc To Market website joins me today to outline the drivers behind the recent pullback in the markets. With so much volatility day to day we address the fact that markets are being primarily influenced by headlines that don’t matter in the long term. We look at what will matter in the long term.