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10,30 yr Treasury Surge, Dollar decline on weaker Eco revisions a bigger deal than equities

Much weaker than expected revisions to Jan 0.5% surge in spending to 0.1%,, the weakest in over a year causing Atlanta Fed GDPNow forecasts to be lowered to 0.6%, the lowest since May of last year, and a resulting surge in 10, 30 year Treasuries with yields arguably beginning to break down just in the last few days- US Dollar weakness also something to highlight, with pullback vs Sterling and Euro just in the last few hours, in what should also be a good environment for Gold-  Gold meanwhile off its lows but will need to get above 1225 to have a real chance of sharp rally-  Materials and Discretionary outperforming today, w/ Media helping out ConsDISC with IPG, TWX, NWSA strength while FCX, AA gains helping materials, which should be expected to so better with a Declining USD.  3 key charts to relay:  SPX, TYX,, and USD- (DXY)

Not much change in Equities but if YIELDS break down, then S&P SHOULD correct, and turn down given the Financials weakness which results - 2012 important while 2040, 2048 on upside

Not much change in Equities but if YIELDS break down, then S&P SHOULD correct, and turn down given the Financials weakness which results - 2012 important while 2040, 2048 on upside

First sign of DXY weakness in nearly 6 days.. which bodes well for EURUSD to move higher, and likely gold, as Economic weakness will hurt USD and help Gold outperform

First sign of DXY weakness in nearly 6 days.. which bodes well for EURUSD to move higher, and likely gold, as Economic weakness will hurt USD and help Gold outperform

Increasing signs of rolling over in TYX, which could end up putting pressure on stocks given the recent strong correlation

Increasing signs of rolling over in TYX, which could end up putting pressure on stocks given the recent strong correlation