Bonds Slipping

Bonds Slipping

The long end looks overextended. The TLT(20+ Year Treasury Bond Fund) is leaving behind an ominous spike high at last week’s peak. Last week the index set a new 2019 high as the rally off the 200D moving average(March low) extended to 13%. This week the TLT is...
“Roaring Back”

“Roaring Back”

June employment numbers came in better than expected. The Lede: Economists said Friday’s June jobs report showed a labor market that was “roaring back,” with the U.S. creating 224,000 jobs, easily beating the 170,000 forecast. More:  “The strong June jobs numbers...
Ten Year Story

Ten Year Story

The Ten Yield Index has not closed below 2%(weekly basis) since 11/4/16. The TNX(CBOE 10 Year Yield Index) is at new lows for the year. A weekly close below 2% would mark the lowest close since the week before the 2016 election(11/4/2016). The 10 Year Yield is now 40%...
After 9 Straight

After 9 Straight

Since the current tightening cycle began the Fed has raised rates 9 times. The market led everyone of the Fed rate increases since late 2015. As we enter the second half of 2019 the market fully expects a rate cut by the end of July. Hat tip Charlie...