Feb

27

Forgive me for posting two items, but I believe them to be related.  In the first instance we have our oldest algorithm (from 1988), nicknamed “Thermos”. This plots a moving correlation between stock and bond levels. As of Friday (2/26) it has gone bullish for stocks.

 
 

Secondly, a major Teutonic bank just announced a buy recommendation in gold. Coincidentally we notice that our measure of professional sentiment just went bearish on gold.

 
 

A week ago we had a similar signal to sell bonds. We have long noticed that whenever bonds and gold are in agreement, equities make a move in the opposite direction. Either way, long or short.  


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