Treasury Torque

Treasury Torque

  This week’s featured indicator is kind of like a wrench. When you turn a wrench, it creates a force called torque that helps move an object. But in this case, global treasury yields are the wrench, and the object being moved is the global bond/cash ratio. Let...
Global Growth Spurt

Global Growth Spurt

  The global economy is still running strong. That’s the message from our two indicators on display this week. The first indicator, shown above, compares global stock market performance (top clip) to the 3-month change in the Global Composite PMI (bottom clip)....
Thrust Issues

Thrust Issues

  When a bunch of stocks skyrocket at the same time, in a strong and sudden fashion, we call it a breadth thrust. It’s a good thing for the overall stock market, as it’s a sign of a healthy and robust environment. Typically, when the market is in the beginning...
Golden Sectors

Golden Sectors

  This week’s indicator uses a tool called a golden cross. A golden cross happens when a financial asset’s short-term moving average crosses above its long-term moving average, signaling a bullish trend with increasing momentum. Typically, we look at the...
It Has to Go Somewhere

It Has to Go Somewhere

  The famous investor Stanley Druckenmiller once quipped that what really moves the market is liquidity, or the availability of cash, rather than earnings or other traditional factors. Whether that is true or not could be debated, but it does make sense that if...