Mish’s Daily: How High Will US Yields Fly?
Mish’s Daily: How High Will US Yields Fly?
Written by Michele ‘Mish’ Schneider
Thursday, August 17th I sat down with Maggie Lake and Real Vision.
During the 36-minute interview, the overriding theme continues to be one of “Stagflation”.
Here are the main points:
- 1. Rates-We don’t really know yet the impact of the rapid rate rise.
- 2. Inflation-Wave 3 is here. Wages are a part of that. Next wave would be more based on some level of devastation.
- 3. Risks lurking underneath the market-how we look at risk on/off factors.
- 4. Gold prices versus the long bonds and SPY-will that flip to risk-off?
- 5. July 6-month calendar ranges-what is holding, below and above. Hint IWM chart above
- 6. The dollar-how much of an impact?
- 7. Where are commodities now and where they might go? Hint-gold chart below.
- 8. Picks and pans-where we are focused.
- 9. China-how long until bad news becomes good news?
Real Vision Daily Briefing clip
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Mish in the Media
Your Daily Five 08-18-23 (See StockchartsTV Youtube)
Daily Briefing Real Vision 08-17-23
Business First AM 08-13-23
CNBC Asia 08-10-23
StockchartsTV Final Bar with Dave Keller 8-10-23
Benzinga Morning Prep Show 08-10-23
Business First AM 08-08-23
Yahoo Finance 08-01-23
Coming Up:
August 21 TD Ameritrade
August 28 Chuck Jaffe Money Show
September 7 Singapore Breakfast Tadio 89.3 FM
October 29-31 The Money Show Schneider, Michele (moneyshow.com)
ETF Summary
S&P 500 (SPY) 437 is the July 6-month calendar range low-will look for a return above or a trip to 420
Russell 2000 (IWM) 181.94 the low of the week is key-180.72 the 6-momth calendar range low
Dow (DIA) Relative strength here-a return over 346 positive
Nasdaq (QQQ) 363 the July 6 month CRL-BUT held a key weekly MA at 357
Regional banks (KRE) Outperformer as all this did was fall to the July range high at 44.40
Semiconductors (SMH) 145 a weekly MA support level with 150 key resistance
Transportation (IYT) Landed on the Jl=uly 6-month calendar range low. If holds a positive
Biotechnology (IBB) Compression between 123-130
Retail (XRT) 62.80 they July 6-mo. calendar range low-this held the 200-DMA as well
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