Wednesday, July 1, 2009

Intermarket Analysis

(we use US listed ETF's for this Chart)



  • Pls. observe some of the technical damage in the various markets, from FX to Fixed Income to Stocks
  • The market looks tired
  • The only one that still seems hot is the TED Spread ( 3months Eurodollar - Fed Funds). This is also the market where the FED can do the most and where they hope that this will translate into the others..... . This should stimulate the banks to lend in a perfect world of econometric models.....
  • The next weeks will have to prove the greenshoots with earning, employment data, ISM data, Production & Capacity utilisation etc.

Conclusion:

The next weeks will be very exciting !!

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