Monday, June 26, 2017

Ponzo Updates for SPY, QQQ and TLT......06.26.17

While the forecasts for SPY and QQQ look extremely similar to last week's outlooks the forecast for TLT has changed dramatically, with outlier scenarios well beyond the 2 standard deviation range.  In addition, the consensus forecast has become considerably more constrained than in the previous 2 months....a significant reversals from the consistently bullish outlook seen since TLT  bottomed out at 117. This outlook contrasts the the current downward yield curve trend, which nominally would suggest further upside potential for TLT.