I wouldn't cite these if I wasn't sure that they correlate very well to our own leading indicators.
In addition, there was this amazing demonstration of how accurate the modeling actually is, I had never seen a CONTEXT/ES differential this large, never!
"
"The CONTEXT model for ES is at an astounding 45 point negative differential!!! I HAVE NEVER EVEN HEARD OF SUCH A THING!"
Just so you know why we use CONTEXT, let me put it in context. Friday's ES 4 pm close was $1582.50, the low today was $1538.75, the differential above was 45 points, the drop from Friday's 4 pm close was 43.75 points!
Tonight...
And CONTEXT at a +20 differential
Is interest rates about to start going up?
-
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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