Big Money Continue's To Fear Something Financial
The continuous drop in Long Term Interest Rates in 2019
as measured by the drop in 10 Year Bond $TNX Rates
merit's considerable caution, and continues to be of growing daily concern.
From a high yield of 3.25 % in 2018, when growth assumptions were in full throttle, in the new administration,
the yield on the 10 Year has continued to drop off the chart this summer, hitting a new cycle low of 1.45 % just last week.
That significant drop in yield now puts the 10 Year Bond perilously close to the major cycle bottom LOW in 2016,
at the Brexit Crisis at 1.33 %, shown here on the Monthly Chart.
Note the Triple Bottom Monthly Formation on the chart.
However,also note the BEARISH NEW RSI Breakdown to new lows
a potential very bearish financial omen in the making.
That should be a clear warning, that big money seems to think they smell something fishy.
For those looking for clues, as to the structural health of the US economy,
I suggest that you turn your attention to the long term interest rate market
measuring the minute by minute cost of money each day.
A significant break of the Brexit Low of 1.33% in the 10 Year US Bond,
could suggest more structural damage to the US financial system,
than is currently being anticipated.
$TNX Last 1.47 % - 2.66%
THE_UNWIND
9/3/19
NEW YORK
as measured by the drop in 10 Year Bond $TNX Rates
merit's considerable caution, and continues to be of growing daily concern.
From a high yield of 3.25 % in 2018, when growth assumptions were in full throttle, in the new administration,
the yield on the 10 Year has continued to drop off the chart this summer, hitting a new cycle low of 1.45 % just last week.
That significant drop in yield now puts the 10 Year Bond perilously close to the major cycle bottom LOW in 2016,
at the Brexit Crisis at 1.33 %, shown here on the Monthly Chart.
Note the Triple Bottom Monthly Formation on the chart.
However,also note the BEARISH NEW RSI Breakdown to new lows
a potential very bearish financial omen in the making.
That should be a clear warning, that big money seems to think they smell something fishy.
For those looking for clues, as to the structural health of the US economy,
I suggest that you turn your attention to the long term interest rate market
measuring the minute by minute cost of money each day.
A significant break of the Brexit Low of 1.33% in the 10 Year US Bond,
could suggest more structural damage to the US financial system,
than is currently being anticipated.
$TNX Last 1.47 % - 2.66%
THE_UNWIND
9/3/19
NEW YORK