Sight Beyond Sight® is a global macro trading newsletter written daily by Neil Azous. With over two decades of institutional experience across asset classes, Neil interprets the day-to-day economic, policy, strategy, and technical developments and provides actionable trading ideas for investors. We invite clients of Interactive Brokers to sign up for a free trial in Client Portal. If you are not a client of IB, you can sign up for a free trial by visiting our website.
US Small (IWM) vs. Large Caps (SPY)
The Visible Hand
Two Value Opportunities: Palladium & Utilities
NASDAQ-100 Index (NDX) Is Not Overbought
The S&P 500 “Broken W” Path Out of Recession
The Consensus Path for S&P 500 is a “Broken W”
Why The Two Largest Equity Buyers of “Buy-the-Dip” Are Now Absent
The resulting collapse in US Treasury yields is spectacular on any measure. We believe investors have not had time to absorb that this is the death of one of the most popular carry trades globally.
Like The Coronavirus, The Stock Market Correction Is A New Strain
Our working framework for S&P 500 corrections is explained. Firstly, we integrate moving averages into the framework. We view: The 200-day moving average (DMAVG) as a short-term trend change; The 55-week moving average (WMAVG) as a medium-term trend change;The 200-week moving average (WMAVG) as a cycle change.