Apr. 29 at 8:07 PM
$TIP $IEI $XLE $DBC $SPY Technical Interpretation of the TIP/IEI ratio & Inflation Expectations (weekly ):
1. Momentum Regime Shift (1/05/26 to current)
Momentum/RSI >70 confirms a persistent inflation‑expectations trend, not a bounce. 2. Structural Reclaim: 0.9413–0.9414 Shelf
Reclaiming this multi‑year /real‑body shelf with momentum >70 is a high‑conviction inflation‑expectations signal. 3. Next Structural Targets: 0.9455–0.9478. With the 0.9413–0.9414 shelf recently reclaimed, the ratio now targets the 0.9455–0.9478 resistance band, or the next "decision" zone. 4. Bond Market Interpretation: The rising TIP/IEI ratio reflects: Inflation expectations increasing, Real yields falling relative to inflation compensation, Term premium rising, Markets pricing stickier inflation 5. Macro Backdrop for Commodities: A rising TIP/IEI regime provides macro tailwinds for:
• Energy
• Industrial metals
• Agriculture