Raoul Pal @RaoulGMI Founder/CEO - Global Macro Investor and Real Vision Group, Business Cycle Economist, Investment Strategist, Economic Historian, Traveller and Rum Drinker.. Oct. 15, 2019 1 min read

Back in the saddle and a few simple observations...

What do I know? But this looks corrective (CNY)...

What do I know? But this looks corrective (Copper)...

What do I know? But this looks corrective (Oil)...

What do I know? But this looks corrective (AUD)...

What do I know? But this looks corrective (Euro)...

What do I know? But this looks corrective (KRW)...

What do I know? But this looks corrective (US 2 yr yields)...

What do I know? But this looks corrective (US 10 yr yields)...

What do I know? But this looks corrective (Dec 2021 Eurodollar futures)...

What do I know? But this looks corrective (Gold)...

What do I know? But this looks corrective (Bitcoin)...

What do I know? But this looks like the correction is over (CESI US)

What do I know? But this does not look corrective! (ISM)...

What do I know? But this does not look corrective! (ISM New Orders)...

What do I know? But this does not look corrective! (ISM Exports)...

What do I know? But this does look ready to sharply corrective! (SPX)...

Let's see. I think growth is weaker than people understand and the environment remains more fragile than investors are positioned for. For example, the market is still running near to the largest net short 2 yr futures positions on record...

Also, thank you in advance for your own read of my charts or your analysis as of why I have made terrible chart crimes or dint understand TA after 30 years. I do appreciate your thoughts, but will most probably choose to ignore them. Im interested in context only.

Oh, yes I know I cant spell or even construct a simple sentence correctly. 51 years and I still haven't mastered the basics...


You can follow @RaoulGMI.



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