How High Will U.S. Yields Fly?

August 20, 2023

Mish's Daily

By Mish Schneider


Thursday, August 17th I sat down with Maggie Lake and Real Vision.

During the 36-minute interview, the overriding theme continues to be one of “Stagflation”.

Here are the main points:

  1. Rates-We don’t really know yet the impact of the rapid rate rise.
  2. Inflation-Wave 3 is here. Wages are a part of that. Next wave would be more based on some level of devastation.
  3. Risks lurking underneath the market-how we look at risk on/off factors.
  4. Gold prices versus the long bonds and SPY-will that flip to risk-off?
  5. July 6-month calendar ranges-what is holding, below and above. Hint IWM chart above
  6. The dollar-how much of an impact?
  7. Where are commodities now and where they might go? Hint-gold chart below.
  8. Picks and pans-where we are focused.
  9. China-how long until bad news becomes good news?

 

Real Vision Daily Briefing clip

 

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Mish in the Media - All clips here

Your Daily Five 08-18-23 (See StockchartsTV Youtube)

Daily Briefing Real Vision 08-17-23

Business First AM 08-13-23

CNBC Asia 08-10-23

StockchartsTV Final Bar with Dave Keller 8-10-23

Benzinga Morning Prep Show 08-10-23

Business First AM 08-08-23

Yahoo Finance 08-01-23

 

Coming Up:

August 21 TD Ameritrade

August 28 Chuck Jaffe Money Show

September 7 Singapore Breakfast Tadio 89.3 FM

October 29-31 The Money Show Schneider, Michele (moneyshow.com)

 

ETF Summary

S&P 500 (SPY) 437 is the July 6-month calendar range low-will look for a return above or a trip to 420

Russell 2000 (IWM) 181.94 the low of the week is key-180.72 the 6-momth calendar range low

Dow (DIA) Relative strength here-a return over 346 positive

Nasdaq (QQQ) 363 the July 6 month CRL-BUT held a key weekly MA at 357

Regional banks (KRE) Outperformer as all this did was fall to the July range high at 44.40

Semiconductors (SMH) 145 a weekly MA support level with 150 key resistance

Transportation (IYT) Landed on the Jl=uly 6-month calendar range low. If holds a positive

Biotechnology (IBB) Compression between 123-130

Retail (XRT) 62.80 they July 6-mo. calendar range low-this held the 200-DMA as well

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