SPX way above its daily and weekly Bollingers, RSIs out in space, people looking foolish talking about "recovery" and "growth" and inane obvious scams like "crypto-currency". At this point we're just looking for the high-volume reversal that cements the top.
10Y Treasury yield looks like it's about to break out over a trendline since 1987. Bicycle sent
a link on a possible bond/equity disaster. And why shouldn't bonds roach and yields break out? No one in Washington even bothers pretending to be fiscally sensible.
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10Y according to Yahoo! |
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10Y according to investing.com |
A .gov shutdown is lurking again, and it threatens to blow out yields, leaving the Fed helpless to watch events play out. For equities, it's a matter of how soon we retrace to support at 1810.
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SPX 2018 crisis |