Bonds Look Toppy

Bonds Look Toppy

Bonds have backed off quite a bit from the highs of the week.  This morning’s solid GDP numbers are certainly adding selling pressure.  The IEF(iShares Barclays 7-10 Year Treasury Bond Fund) is tracing out a key downside reversal on the weekly chart.  The...
Almost Zero

Almost Zero

Quite a swing.  Less than four months ago the market was pricing in a 90% chance of a Fed rate hike in 2019.  Those odds are now nearly 0%. Hat tip The Daily Shot...