[COMPLIMENTARY] Top 3 Things | Rates/USD/VIX

The uniquely American 4-hour Workweek + 2.5 hour FOMO Squeeze day was met with Dr. KOSPI dropping -1.8% overnight (nothing to see here about the Global Recession, whatever you do NOT look at this week’s Global Economic data!)…

1. RATES – full send here on Global #Quad4 Recession expectations (again, RECESSION is far more important now than rear-view Peak Cycle Inflation from June) with both Oil and long-term Global Rates BREAKING @Hedgeye TREND Signal Supports (which is what happens in a proper #Quad4 Recession); key TREND Signal Levels (10yr): UST = 3.57%, Bunds = 1.88%, Gilts 3.20%
2. USD – Tourists and Chartists, unite - the 200-day Moving Monkeys have broken! In other news, the most expedited US Dollar breakout since the 1981 and 2001 recessions is consolidating ABOVE @Hedgeye TREND support levels, which are: USD Index = 103.11, EUR/USD = 1.059, USD/YEN = 132.21, GBP/USD 1.228. If you’ve missed the 2022 #Quad4 Bull Run in USD, here’s your chance to get in
3. VIX – imagine you were chasing those 50-day Moving Monkeys in SPY at VIX 19 in either April or August? Thank goodness you aren’t a chart monkey with no Macro #process. Every 4 months you’ve had an opportunity to setup for the next Phase of The Bear Market. We are entering Phase III as consensus comes to realize we’re in a deepening #Quad4 Profit Recession

Immediate-term @Hedgeye Risk Ranges: SP500 = 3; UST 10yr Yield = 3.50-3.91%

KM