Browse Stacks: Analytics: Divergences

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4 sept20.PNG
SILVER SINGULARITY
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SILVER SINGULARITY
Why Wages Have Lost Ground In The 21st Century | Zero Hedge
Why Wages Have Lost Ground In The 21st Century | Zero Hedge
But after the wheels fell off the bubble in 2008/09, the "recovery" since then has seen wages for the top 5% soar...
Tim Knight
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20170801_defl.jpg (1183×597)
20170801_defl.jpg (1183×597)
Is this, by any stretch of the imagination, the kind of economy in which the Federal Reserve should be tightening...
Tim Knight
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20170801_PMI2.jpg (1184×621)
20170801_PMI2.jpg (1184×621)
After six straight months lower, PMI bounced in July (very slightly beating the 53.2 expectation) but ISM dipped a...
Tim Knight
eem-vs-spy-since-2011-highs-july-24.jpg (1297×673)
eem-vs-spy-since-2011-highs-july-24.jpg (1297×673)
Below compares the performance of EEM to the S&P 500 since 2011
Tim Knight
20170721_gold.jpg (1180×618)
20170721_gold.jpg (1180×618)
Despite that realization that all is not as utopian as surveys once suggested, US equities have soared to record h...
Tim Knight
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20170628_last.jpg (1160×731)
f you look really hard at the chart you may notice the one "asset" in the world that 'agrees' with US equities......
Tim Knight
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20170627_odd4.jpg (962×480)
20170627_odd4.jpg (962×480)
Commodities (AKA reality) versus Stocks (AKA pot-induced fantasy)
Tim Knight
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20170627_odd5.jpg (962×507)
S&P value versus Motherfucking Central Bankers
Tim Knight
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20170627_odd3.jpg (963×486)
Treasury versus Stocks
Tim Knight
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20170627_odd2.jpg (855×505)
NASDAQ versus earnings
Tim Knight
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20170627_odd1.jpg (963×512)
The S&P versus Reality
Tim Knight
CDX.jpg
CDX.jpg
CDX HY 5 year CDS spread rounding bottom / falling wedge breakout
daButcher
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DCydT2UXYAIjscq.jpg:large (1260×603)
Tim Knight
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20170615_EOD5.jpg (961×508)
20170615_EOD5.jpg (961×508)
US Macro Surprise Index to its weakest level in over two years...
Tim Knight
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putcallratio.jpg
CBOE's Equity Put/Call Ratio 21MA is below its lower band, working without a net Q2 quad witch.
daButcher
20170602_EOD3.jpg (962×1013)
20170602_EOD3.jpg (962×1013)
It seems fairly clear that Risk-Parity leverage is running the show here on the back of 100s of billions of centra...
Tim Knight
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2 may26.PNG
Bullish?
SILVER SINGULARITY
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20170524_FOMC2.jpg (967×507)
20170524_FOMC2.jpg (967×507)
So what happens when The Fed balance sheet normalization begins?
Tim Knight
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20170523_EOD1.jpg (963×504)
20170523_EOD1.jpg (963×504)
US macro data crashed to its weakest since Feb 2016 (when the world was worried about global recession)...
Tim Knight
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20170518_EOD1.jpg (961×504)
20170518_EOD1.jpg (961×504)
Of course this is happening as breadth collapses... the last time this happened was in 2015 and led to the crash s...
Tim Knight
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SP500-GDP-Profits-051317.png (850×397)
SP500-GDP-Profits-051317.png (850×397)
Profits not aligned with the actual economy
Tim Knight
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20170501_macro.jpg (964×502)
"It Fell Off A Cliff": Morgan Stanley's Macro Indicator Just Crashed The Most Since Dec. 2008
Tim Knight
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20170512_EOD3.jpg (965×971)
The last time US Macro and stocks decoupled like this was in mid 2015 and did not end well for stocks...
Tim Knight
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20170512_gdp1.jpg (963×505)
20170512_gdp1.jpg (963×505)
US Macro Data Crashes To 1 Year Lows
Tim Knight
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How Amazon Killed The Department Store, In Five Charts | Zero Hedge
How Amazon Killed The Department Store, In Five Charts | Zero Hedge
The death of traditional retail
Tim Knight
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20170508_soft.jpg (1161×725)
'Soft' Data Collapses Back To 'Hard' Data Reality
Tim Knight
20170501_macro1.jpg (965×481)
20170501_macro1.jpg (965×481)
This is the biggest crash in US Macro data in 6 years...
Tim Knight
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IMG_9202.PNG
The Director
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The Director
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20170428_gdp11.jpg (961×504)
Goldman Warns The Gap Between Stock Investors' Hopes & Reality Is Close To An All-Time High
Tim Knight
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crude-traders-positions-april-27.jpg (1049×578)
Sentiment on crude suggests a breakdown
Tim Knight
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Shortinterestlowestsince 07.jpg
SPY short interest falls to the lowest level since 2007
daButcher
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20170421_decouple.jpg (968×507)
20170421_decouple.jpg (968×507)
The long-end of the Treasury market curve has practically dismissed any hope of Trumpflation growth...
Tim Knight
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20170421_china.jpg (959×508)
For a market relying more on liquidity than fundamentals, China’s worsening monetary conditions index suggests t...
Tim Knight
Global Financial Market Stress Soars To 2017 Highs | Zero Hedge
Global Financial Market Stress Soars To 2017 Highs | Zero Hedge
Bank of America Merrill Lynch’s Global Financial Stress Index climbed to 0.24 last week, meeting the peak reache...
Tim Knight
20170404_FEDSPX.jpg (1056×505)
20170404_FEDSPX.jpg (1056×505)
Massive divergence between S&P and the Fed balance sheet
Tim Knight
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spy-tlt-fish-mouth-spread-march-27.jpg (1297×672)
spy-tlt-fish-mouth-spread-march-27.jpg (1297×672)
Stocks and Bonds; Critical change of direction in play
Tim Knight
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20170324_durgoods2.jpg (961×488)
Durable Goods Orders have gone nowhere for five years...
Tim Knight
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20170319_SKEW.jpg (967×508)
20170319_SKEW.jpg (967×508)
But while VIX was slammed, SKEW hit a record high!!
Tim Knight
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iyr-spy-performance-comparison-10-years-march-14.jpg (1296×677)
iyr-spy-performance-comparison-10-years-march-14.jpg (1296×677)
Below compares the performance of the S&P 500 and Real Estate ETF (IYR) over the past 10-years. Since the highs in...
Tim Knight
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20170311_flow4.jpg (963×507)
And the utter lack of breadth in the market's most recent advance...
Tim Knight
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20170310_EOD5.jpg (959×512)
Something is very broken with market internals - McClellan Oscillator is crashing as stocks hold near record highs...
Tim Knight
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20170308_mccl.jpg (961×508)
Henrich notes that the McClellan Oscillator's plunge implies a VIX around 16-21... it's at 11.45! This has never h...
Tim Knight
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SILVER SINGULARITY
Margin Debt Inverted
Margin Debt Inverted
At the suggestion of Mark Schofield, Managing Director at Strategic Value Capital Management, LLC, we've created t...
Tim Knight
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20170301_soft.jpg (963×507)
20170301_soft.jpg (963×507)
The problem for those waiting for 'hard' data to catch up to 'soft' data is - it never has.
Tim Knight
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20170301_30Y.jpg (958×504)
Who's right? Bonds or the dollar?
Tim Knight
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20170227_durgoods3.jpg (964×511)
Market divergence #9,839,923 - durable goods versus the $INDU
Tim Knight
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