Weekly SP500 ChartStorm - 25 April 2021
oh… that’s right, almost forgot! BONUS CHART >> got to include a goody for the goodies who subscribed. Global Flash PMI vs Bond Yields: with the April round of preliminary PMI data we can calculate a “global“ flash PMI. The April reading was up +1.2pts to a 15-year high of 60.3, with all 4 countries/regions up vs March. It’s fairly interesting by itself just by how stark the move is and how far things have come from this time last year. But the other very interesting thing is the apparent linkage with bond yields… I’ve recently noted the sentiment/positioning/technicals set up i...
Source: econintersect.com