Good morning … With 2yr Treasury auction on tap, I thought that might be a fine and dandy way to start us off, Momentum (stochastics, bottom panel) appear to have crossed just about when 2yy touched their 40dMA (4.25%) and while a rally doesn’t strike ME as an opportune ‘setup’ for this afternoons auction … well, we’ll have to see IF other things out there (ie First Republic, etc) remind folks USTs ARE in fact an alternative.
😀
Did Professor Siegel update his Seasonality Algorithm for Climate Change?
"Sell in early April, and go away, and never come back ...?"