Today’s Chart of the Day was shared on Twitter by Walter Deemer (@WalterDeemer).ย It’s a 5-year line chart of Gold priced in British Pounds. Deemer jestfully points out that the shiny metal has performed much better denominated in British Pounds than it has in US Dollars in recent years. This is true as Gold in US […]
What to Make of the Yield Curve
This week, the US 10-year Treasury yield sank to new 52-week lows and sliced through some important support levels. Today, a closely watched yield spread (10-year minus 3-month) turned negative for the first time in over a decade, inverting the front-end of the curve. A yield curve inversion is a bearish signal that occurs when […]
Everyone is Watching This Key Resistance Level
The S&P 500 has rallied 10% in the past 19 trading days from the December 2018 lows. Avid chart-watchers are well-aware that weโre currently testing key resistance in all three of the major US stock market indices. There has been a ton of chatter in specific, about the 2,600 level in the S&P 500 index. […]