How High Will U.S. Bond Yields Fly?

I sat down with Maggie Lake and the team at Real Vision on Thursday August 17 to discuss my latest thoughts on the market.

During the 36-minute interview, the overriding theme continues to be one of “Stagflation”. See gold price chart and video below.

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?

My latest Market Update Video on Real Vision:

Stock Market ETFs Trading Analysis & 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

Twitter: @marketminute

The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not represent the views or opinions of any other person or entity.

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