You may recall that Friday post, where ES diverged from the risk basket, well I don't have a Bloomberg terminal, but I looked at TLT and UUP, both would be similar to parts of the risk basket.
TLT 1 min
UUP ($USD) 5 min
Both are showing some sign of a negative divergence. Yesterday the market for the most part continued with 5-10 min positive divergences. If you remember when we saw this pattern last Friday, the S&P was bid up, I'm not sure f we are seeing something similar and maybe later we'll get in to what some people believe is behind this or rather who is behind the algo.
For now well have to wait and see if the market catches an odd upside bid.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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