There is a 60-year cycle in bond yields which has existed since bonds first came about in the 1700s. It says that bond yields should have ideally bottomed in 2010…
Category: McClellan – Chart in Focus
A Different Sort of Presidential Cycle It is by now an overused phrase to say that we are in a different sort of presidency right now. And befitting that theme, we are seeing a really different sort of behavior of the market relative to the[…]
Phillips Curve Is Not Even Wrong July 7th, 2017 To paraphrase Wolfgang Pauli, the whole idea behind the Phillips Curve is “not even wrong”. A.W.H. Phillips studied the relationship between inflation and unemployment in the United Kingdom, and noticed that they were usually moving in[…]
Chart In Focus Treasury-Bund Spread Gives Early Warning of the End The 28-year record high spread between 10-year T-Notes and German 10-year “bunds” is finally starting to narrow just a bit. This is a warning that the great bull market in stock prices from the[…]
The NYSE’s McClellan A-D Oscillator has recently been displaying some of that quietness, trading only a few points above and below zero until just the past couple of days.
Chart In Focus Correlation Between VIX and SP500 June 15, 2017 When the normally inverse correlation between the VIX Index and the SP500 gets crazy, if offers us a great message. That is the point behind this week’s chart, which is based on a great[…]