Just Two Charts

Before the cash equity market opens, we thought these two charts may help...

FX carry is not helping...


And bonds ain't buying it...


Bonus Chart - the yield curve just hit a new cycle low...


LawsofPhysics Fri, 11/17/2017 - 09:31 Permalink

Here we go again, step right up, everyone is a winner!  Will the gree line meet the red line or will the red line rise up to meet the green?Place your BETS.

poland spring Seasmoke Fri, 11/17/2017 - 10:06 Permalink

I have a CONFESSION to make on ZH.1. I was wrong in 2013 that the market was overbought.2. I was wrong in 2014 thinking that the market was going to crash.3. I was really really wrong in 2015, it had to crash but it didn't.4. I was wrong about the upcoming collapse in 2016. 5. I was wrong about the impending apocolyptic crash black swan scenario in 2017.6. I was wrong about buying gold/silver during the last 8 years. What a fool.7. I was wrong not putting money into Bitcoin in 2015, stupid me!8. I was wrong thinking things would go back to normal, with normal interest rates, normal volatility, just keep thinking that normality is just around the corner.9. I was wrong thinking that rates had to go up. Well, I feel a little freer but still pretty crappy for wasting all these years on something that hasn't come to fruition.

In reply to by Seasmoke

Friedrich not Salma poland spring Fri, 11/17/2017 - 11:17 Permalink

When you were young, did you learn Aesop's fables:
Three Little Pigs
The Ant and the Grasshopper
The Boy Who Cried Wolf
The Tortoise and the Hare
The Wolf and the Lamb

You were conditioned to be cautious. I don't think such stories have been valued for 40 years and caution has been thrown to the wind. Hence, everyone except the ZH crowd parties like it's 1999 and the market goes up, up, up.

In reply to by poland spring

Truth Eater Fri, 11/17/2017 - 09:45 Permalink

It amazes me that people still dance to digits on the computer.  The central banks still have people believing in those magic little "dollar" credits.  This is the age when people walk into the streets oblivious to traffic but noses in their texting.  Real reality will bite soon like a Mack truck sweeping the streets.

moneybots Fri, 11/17/2017 - 09:52 Permalink

"Before the cash equity market opens, we thought these two charts may help..." As can be seen on the green chart, it only goes up to higher highs.

flea Fri, 11/17/2017 - 09:58 Permalink

Tyler always leaves one important thing out: context.

Can we see longer time scales please? Plus - how can there be two Nov. 17s? Ground hog day?

Don't MSM us.