GDX and TIPS and EEM. Inflation factors.
Treasury Inflation Protected Bonds and Emerging markets have a history of being high correlated. We see a massive divergence occur in November when TIPS and EEM break away from GDX.
Either ---------
TIPS is moving correctly and GDX is massively undervalued.
or.....
GDX is moving correctly and TIPS is massively overvalued.
---------
Its binary which one do you think it is?
I need to keep the brain steezy so, here is another (fire) Macro Idea.
Either ---------
TIPS is moving correctly and GDX is massively undervalued.
or.....
GDX is moving correctly and TIPS is massively overvalued.
---------
Its binary which one do you think it is?
I need to keep the brain steezy so, here is another (fire) Macro Idea.
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