Some notes:
1) I'm not sure how rock solid this data is, so if you have something that says different, let me know.
2) There have only been 4 times since 1962 that the 10y rose above 5.22% for the first time in at least 10 months:
- Aug '66
- Jun '06
- Jun '07
- TODAY
thats probly because the cray inflation thats about to feed thru from the last 2 months of mooning gasoline and diesel prices are about to punch us in the face in the coming months 🤗
The one millionth & one "told you fools" re-tweet. Sept 4: "Yields mispriced"
Steady uptick since.
Still mispriced. 10yr should be closer to 7%. S&P has no support above 6K.
🫡Godspeed
$SPX$QQQ$SPY$DIA$IWM
The market has almost triggered the Titanic syndrome…it fired late last year but it’s close to firing again….the rottenness of this market beneath the surface is astounding