Price remains problematic in the Extreme for Equity Bulls.
As does TLT and ZB.
We have indicated for months - breaking 1.171 - 1.762 for the
10 Year Note Yield would commence the Next Sell Off.
We shall see...
4/4 isn't complete until ZN / 10 Year Yields RESOLVE.
A break of 130.005 and close under... yeah, naw, Equities will not
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...
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...
Bonjour mesdames et messieurs, je me positionne acheteur sur le ZN(T-NOTE 10 ANS CBOT ) sur du long terme nous avons un rebond sur la résistance avec une impulsion haussière le ZN tente de reprendre les 140.
As the Global Economy continues to weaken, DEBT is beginning to weigh heavily on the same.
Inflations have many Vectors - Monetary, Fiscal, and Confidence.
Throughout the history of the United States, the "Debt Ceiling" has always been a Glass Roof.
At present, decades of abuse since the 1980s have come home to roost.
The result of...
With DX Strength coming from the JPY Pair...
The Red Swan continues to build from our months
long indicated Vector - China.
The CCP announced they will only bail out Domestics.
ETF Passives hold, indirectly, a far larger stake in
China's Economy then is openly acknowledged.
Never has the South China Sea - been this active
TSML... in questions as to...
Enraged Evergrande Investors weild Laterns and Pitchforks.
The carnage for hostages provides a demonstration to our thesis for Banking and Bonds.
Perhaps a soft default in October when the Government runs its tap dry temporarily.
Further evidence, things are not well at all.
The chart illustrates the First Accident 2020 Covid Event. The second, required YCC...
TLT continues to Wedge out into the Break Down.
Althought the Yield Curve appears to be heading into
an inversion into 2022, the Long End of the Curve remains
in peril... Countdown to Depression is ticking into Q2-Q3 2022.
Fed language and statements are beginning to shift into 2022
indicating they are off balance NOW.
Volaility will increase well ahead of...
10Yr Yields declined as international Capital Flows began demanding dollars out of the fear as to what is occurring outside the USSA.
This implies, as well, a robust demand for perceived "Safety" - the very last thing it actually is.
Europe, as we have indicated for months now, remains a basket case.
For as bad as it is here, it's worse there.
However, this is...
TLT is beginning it's terminal phase for the next decline.
We Sold to Open TLT this morning, taking our First Position
at our Target, with further Sells to 150s Set.
Out dated Maturities, we have been suggesting for the past
month are due for a large correction in Yields.
Day to day noise is just that... Noise.
Bond HODLers are convinced they have it figured...
NQ is the last to break.
The FED is providing $8.34 Billion in Coupon Purchases.
1/4 to 1/2 Size today.
We will be watching until 10AM EST, to see IF there is
support of any kind.
Selling pressure yesterday was significant, but
again... it's Friday.
Commentary from 2 prior Sessions does not change.
Have a good weekend - HK
The Bond Markets are revolting once again.
Taper or not, doesn't matter, Inflation has taken
Either way the FED is being challenged.
Heads they lose, Tails the lose.
Expectations are what they are...
Demand Push, Supply Pull.
Demand Pull, Supply Push.
C O S T Strangles.
Jerome is done.
As the 10Year Note approaches a pivotal juncture, the DX begins to
show signs of a DX Strength Trade.
The 1.41% Level should provide a challenge to the YCC analogue.
With the effects of Stimulus largely abating and the $3.5 Trillion
Stimmy for "Infrastructure" in question...
We are setup for some extreme Volatility.
Rates of Change for Yields will face increasing Competition in the coming
We anticipate further to quickly be met with YCC.
Yields have been mixed at lows, attempting to Hang their Man.
Central Banks receive their orders on High. Governments can no longer borrow
to fund their annual spending.
Digital "Currency" proposals from the WEF via Lagarde at...