Market capital has gone on strike. Yields are in technical capitulation across the entire curve, yet equities refuse to rally—an arithmetic paradox that confirms a Hard Landing. As liquidity retreats to the system’s plumbing, the XLF breakdown signals a regime shift. Patience is not optional; it is your only edge.
We analyzed which correlations shifted over the past month—and in which part of the curve.
What we found in Small Caps, Tech, and the 2-year yield was striking.
Equities, bonds, currencies, and commodities activity over the past three months: capital flows and direction. Shifts in correlations that signal a new perception of risk.
New orders can be misleading. We analyze the nominal trap through building permits and intermarket, intramarket and speculative capital flows.
An intermarket analysis of Brazil and emerging markets, exploring yield curves, FX risk, carry dynamics, commodities flows, and their role as long-term portfolio diversifiers in a shifting global macro environment.
Intermarket Flows: We analyze capital outflow and inflow hubs, seek risk-efficient operating environments, and examine currencies and commodity-intensive economies.