AKA, NFTRH's big daddy of macro indicators. The yellow shaded area is a critical hold for TYX to keep the 'inflationary 2012' (i2k12) theme going. If it is to really get cooking into reelection season, TYX will need to clear the noted resistance at 3.5%.
Right now, all we can say is that the TYX still looks constructive to bottom in the shorter term time frames. If they prove out, this big view of the intermediate cycles is going to define the play across many asset markets. If rates rise to the top of the channel (100 month EMA), bears and deflation cultists are not likely to enjoy 2012 at all. That enjoyment - for those left standing - will probably be pushed out to 2013.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Right now, all we can say is that the TYX still looks constructive to bottom in the shorter term time frames. If they prove out, this big view of the intermediate cycles is going to define the play across many asset markets. If rates rise to the top of the channel (100 month EMA), bears and deflation cultists are not likely to enjoy 2012 at all. That enjoyment - for those left standing - will probably be pushed out to 2013.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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