FED’s tool are running out: Rate change, QE, Repo.
Lately FED is employing Repo to inject liquidity in the financial market. First of all if economy is soooo great why economy needs liquidity???

Among many indicators Credit market Yield spread has shown its cards. In November 18 post relationship to Miners HUI was discussed.
Lets review the result:

Since June market performance:

NDX: 7000 to 8700 + 24%
HUI 147 to 218 + 48%
XAU 67 to 103 + 61%

Micro juniors sector lags the senior stocks.

Yield spread between 30 yr and five rate in widenning trend. One can see the financial market in turmoil: False BO on both side and now tright at the apex of diamond just above the June BO after two BT. ???

Note SGR 9ema line has turnup with spread.

November post on the subject:

Yield spread TYX vs FVX vs HUI, SGR