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ChiefMacro
2022년 1월 20일 오전 3시 11분

TNX - 10 YR T-Note Yield - Overblown? 

CBOE 10 YR TREASURY NOTE YIELDTVC

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This thing is way ahead of where quarterly money flows suggest it should be - I think it will pull back and consolidate 1.10 - 1.150 range. Also looks to be exhibiting the same post-crisis recovery that it followed after the GFC. I'm pretty sure all of these anti-fed pumpers were out there barking about it back then as well.

Also, Bitcoin (all cryptos) still look like crud, barely hanging on minus over 30% and still tired.

Stocks looking real good in terms of quarterly money flows. This recent pull back looks like profit taking to me (maybe another 5% down and reverse but I think we are near the end of the correction. Oil also holding up and actually creeping higher, suggesting demand remains (for now); again, we know that the American consumer IN 2007 - FIFTEEN YEARS AGO - was able to support $100+ / barrel oil. Today we are tickling $86 / barrel.

Fear sells. Listen to the data.

God Bless.

#GoChiefs!
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ChiefMacro
**Correction 1.10 - 1.50 range**
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