He also takes a closer look at gold, silver, USD, crude oil, and natural gas, among others.
See the webinar calendar and archive here.
How do changes in US real yields impact asset classes?
Falling US real yields have historically been coincident with rising gold, ringing EURUSD and falling USDJPY. These relationships are not that confusing but over time equities do have a positive relationship with real yields and as such equities should not behave as it does right now under rapidly falling real yields as they reflect falling expectations for growth. When we analyse the entire spectrum over change in US real yields we observe that equities rise rapidly under both significantly falling and rising real yields.
COT: Commodities in demand as dollar and real yields drop
Futures positions and changes made by hedge funds across 24 commodity futures during the week to August 4
Macro Dragon: Welcome to WK # 33... RBNZ, BdeM, US + CH CPIs, Aussie Jobs Data
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.
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