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Markets by Sector

The Yield Curve

QUESTION: At the Institutional WEC session in 2016, you forecast that rates would rise but that the long-end would produce a positive yield for the next two years...

Do Commitment of Traders & Inventories Really Matter?

QUESTION: Do you think that the Commitment of Traders and reported inventories are relevant to gauge market performance? ANSWER: The oldest game in town is...

Central Bank Reserves – The Rise of the Yuan

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are...

Dollar Manipulation by China & Japan?

The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are...

Euro – Capital Flows or Speculation?

QUESTION: Is the euro really going up on capital inflows or speculation leverage? ANSWER: We are not picking up any real net capital outflows from the USA...

How Will Interest Rates Double in Europe from Here

QUESTION: Marty  Thanks for all your guidance and help in navigating these markets. You mention rates are going up soon in Europe but how can the ECB achieve this...

The Euro on Yearly Models – Let the Crazy Times Roll

QUESTION: Reviewing the private blog, at the end of 2016 on December 31 you wrote “When it comes to the Euro, the Major Yearly Bearish Reversal lies at 10365...

The Rush to the Euro with QE Ending?

QUESTION: Mr. Armstrong; You have been calling for the dollar to decline against the Euro and it should test the 125 level. Do you see the dollar continuing to...

Private Blog – Gold & the $1,000 Level

  Private Blog – Gold & the $1,000...

The 2017 Closing US$ – Gold – Dow

The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar...