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hi thanks for tuning in this is a technical analysis video on intermarket analysis the concepts that were first introduced by John Murphy and his book inter-market technical analysis from 1991. what you're looking at on the screen here are the screenshots that I took from the CMT level 2 textbook I have found this material to be very very helpful in determining macro Trends and when you can see these major pivots in things like the dollar and things like interest rates what the long-term impact implications are and how that affects asset allocation and so at the at the high level you have to talk about what hard assets and soft assets are hard assets or commodities gold and silver wood Lumber corn Etc and soft assets or financial assets like stocks and bonds and there's an inverse relationship between the value of hard assets and soft assets and that correlation exists because there's a positive relationship between material prices like gold and silver and inter

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