Skip to main content

$/ES broke trendline. Market lining up to move big; futures holding up. I think above $3270 would show failed sell off attempt & we go back to new highs by end of quarter. Break below $3220 and this chart is mini version of all of 2017-2018 just before December 2018. #EAVOL https://t.co/ReLmIIZiZO


Source: @BrianStutland February 03, 2020 at 02:38PM
More info Your Website/Page Anchor Text Here

Comments

Popular posts from this blog

The Week in Review

One of the questions I get most from clients is how to generate yield when the Fed is on hold with rates at zero. For a while many defensive clients were content receiving their 3% annual yield from Treasury bonds, but the Fed’s most recent meeting minutes shows that the Fed’s pace of bond buying may soon slow. While I do not think tapering is likely before year end (unless economic data accelerates significantly) the bond market is forward looking and already beginning to price tapering in. Smaller Fed purchases of Treasury bonds will mean that bond yields go up and bond prices go down. Bonds have been in a multi-year bull market, and we may now be on the cusp of a multi-year bear market. The most important indicator to watch is the 10-year yield, which cracked the 2.10% level this week for the first time in a year. If we continue to hold above 2.05% in June, the top is likely in for bonds and borrowing rates will be on the rise for everyone, including the US Treasury. So, how am ...