Support level reached with steep weekly divergence. Also yields may be peaking here as well. Someone will have reasons why it will not reverse because of macro elements, and that's fair, but these charts are telling me to get ready for a reversal.
The waters warm - just fine and we assure you there are no
predatory creatures lurking about.
Please ignore the Trend.
Our assumptions include:
The Herd is always Correct.
CNCB and Lacy Hunt are "Pitch Perfect".
Rates are heading lower, towards ZERO.
TLT's hiccup this morning is nothing, simply a
small bump on the road until 172.
Debt doesn't matter, It's...
Substantial Further Progress in Trade.
$120Billion in Taxpayer's Future Monies down the drain.
Job Creation does not come from the Prop in Equities.
Share Buybacks do not create Jobs nor do they have a lasting
effect upon Economic Activity.
They do, however - create issues for Bond Holders as Inflation
takes hold and remains persistent.
Wall Street fooled...
Pricing in "Inflation" has been a series of rapid events for Price.
Yields began the highest velocity spike in History during the
January to April adjustment.
Bond Sellers have begun to increase their Sell.
Retail is now 83% Short against the NQ ES YM... ahead of the
most important Week we have had in Months, Since February.
TNX has run-up to its -.236, a...
PCE Data Friday rose to a 30 Year High for August 2021.
Record levels at a year over year scale - with the FED
remarking "Inflation remains frustratingly high".
The Prior peak in 10 Year Note Yields provided the bottom
for the ES (SPY, SPX, S&P500) @ 1.765.
Yields have formed a Bull Flag in which Price should begin
to Chop and complete for the Breakout of the...
All eyes are focused upon the Yield Complex.
Stresses continue to mount as the Follow-On Trade
builds causation.
Interesting and Historic times for the US and Global
Debt Markets.
With extensive YCC - Price continues to move lower, creating an
even larger Divergence between Price and Yield.
Not at all constructive for Buyers.
Bonds are going to continue to grind up the Bigger Lies.
ROCs spooked the FED, so they are busy tamping down the
Fears.
Issue is, the Fear is all about Trust.
That has clearly broken.
