From Gary Tanashian
: Not much has changed since the last 3 Amigos macro update
. Amigo #2
(long-term yields) has long-since reached the Continuum's ? limiter (the 100 month exponential moving average on the 30 year Treasury yield) and Amigos #1
(SPX/Gold) and #3
(the 10-2 yield curve) are still on their respective trends (up for SPX/Gold and flattening for the yield curve), indicating a positive and risk 'on' macro backdrop.