Market Charts – April 4/22

Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the US dollar strengthened on talk of more sanctions against Moscow following international outrage over Ukraine civilian killings.

Adding to investor caution, the 2-year/10-year Treasury yield curve remained inverted, signaling to some market watchers that a recession may follow in one to two years.

The deaths in Bucha, outside Kyiv, are likely to galvanize the United States and Europe into additional sanctions against Moscow over its invasion of Ukraine.

Other News & Charts

Twitter shares surged 27.12% on news that Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc.. Volume (middle chart) jumped from 12.13 million shares on Friday to 266.4 million on Monday.  Based on RSI (bottom chart), Twitter now overbought.

The biggest monetary experiment in history? Most recently, the Bank of Japan fired up the printing press again to keep long-term interest rates low. Meanwhile, BoJ’s balance sheet now equals an astonishing  136% of Japan’s GDP. In comparison, the ECB at 82% and the Fed at 37% look like amateurs.

US real disposable income breaks from the upward trend as inflation takes a toll.

Is the top in? The Agriculture index (GKX) also became overbought after the run up to 592 in early March.

Stay tuned!