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Ugly ChartStorm "Growth ? Women & Children First" 29May19 thread 1/13
• "Houston, I have a bad feeling about this" - "please elaborate"
• The recent weakness will continue for Q2/Q3
• US PMI, Global PMI, Rates telling the same story
• here we go :
$SPX $VIX $TLT $EUR ...
• "Houston, I have a bad feeling about this" - "please elaborate"
• The recent weakness will continue for Q2/Q3
• US PMI, Global PMI, Rates telling the same story
• here we go :
$SPX $VIX $TLT $EUR ...
2/13 Global SlowDown
• US M.PMI plunged to 50.6 and Japan back below 50, while Eurozone anyway in a hole, US as <the> heavyweight in the JPM Global Index, there is a very high chance this will break 50 ...
• US China trade uncertainty
• Hard Brexit ?
• US M.PMI plunged to 50.6 and Japan back below 50, while Eurozone anyway in a hole, US as <the> heavyweight in the JPM Global Index, there is a very high chance this will break 50 ...
• US China trade uncertainty
• Hard Brexit ?
3/13 why are global govt bond yields racing to the bottom ?
• US, Canada, Australia, New Zealand ...
• US, Canada, Australia, New Zealand ...
4/13 more 10Y rates:
• Germany , Portugal , Sweden, UK
= global disinflationary sentiment, global slowdown, global dovish central banks.... LATE CYCLE
• Germany , Portugal , Sweden, UK
= global disinflationary sentiment, global slowdown, global dovish central banks.... LATE CYCLE
5/13 Credit spreads reversed and move higher as risk increases, classic RiskOff gauge AUDJPY keeps plunging ...
6/13 ... classic RiskOnOff sentiment gauges or spreads like XLY / XLP , XLI / XLU , IYT / DIA reversed a while ago and displayed risk warnings ...
7/13 therefore , outright ACWI global stocks, HYG or EEM Risk appetite slowed and then rolled over ...
8/13 ... VIX plateaued, reversed, as did other implied vola like for Crude, UST ...
9/13 ...GlobalSlowdown continues, so industrial energy and metal commodities should see this too
• HG already tanked
• CL and RBOB rolled over
• PA after this incredible "but but less diesel cars switch..." rally went nearly parabolic and surprise surprise found gravity
• HG already tanked
• CL and RBOB rolled over
• PA after this incredible "but but less diesel cars switch..." rally went nearly parabolic and surprise surprise found gravity
10/13 ...which brings me to the stock market : ASIA
• KOSPI already near lows
• HSI heavy sell off
• China on the brink to break consolidation
• Nikkei with a H&S ?
• KOSPI already near lows
• HSI heavy sell off
• China on the brink to break consolidation
• Nikkei with a H&S ?
11/13 EUROPEAN stocks
• SX5E , DAX, CAC H&S ?
• MIB already broke
• Italy woes, Eurozone eco weakness, tariffs, Brexit , seasonality, etc
• SX5E , DAX, CAC H&S ?
• MIB already broke
• Italy woes, Eurozone eco weakness, tariffs, Brexit , seasonality, etc
12/13 more European indices
• AEX , FTSE H&S ?
• IBEX on the brink to break
• SMI safe haven ? hardly
• AEX , FTSE H&S ?
• IBEX on the brink to break
• SMI safe haven ? hardly
13/13 US indices
• SPX NDX DOW look like forming a potential H&S and close to break necklines
• chart patterns are subjective
• opinions don't matter
• market is not the economy
• US M.PMI 50.6,Global PMI breaking 50,Creditspreads widening,flight to Govvies is relevant
• SPX NDX DOW look like forming a potential H&S and close to break necklines
• chart patterns are subjective
• opinions don't matter
• market is not the economy
• US M.PMI 50.6,Global PMI breaking 50,Creditspreads widening,flight to Govvies is relevant
14/end @threadreaderapp unroll
