JC Parets and the allstarcharts group just noted 30yy on their Weekly Watchlist email
… You know me, I can't have a serious conversation about the stock market without bringing up bonds.
So when I tell you, this was a "Kick save and a beauty" last week, it's not an exaggeration.
If US 30yr Yields are collapsing, it's probably for a good reason.
And it's probably not a reason that stock market bulls want to hear.
Look at Stocks now breaking out relative to Gold, and I think vs Bonds could be next.
You see, when assets are in strong uptrends, they don't just tend to do well on an absolute basis, they also outperform their alternatives: Bonds and Gold are that.
I see uptrends: Higher highs and higher lows…
…Can 30yr yields remain above 1.75%? Can 10s hold 1.4%? Can the Dow Industrials and Transports stay above their May highs?
AND you know where this one is going … the ONLY way to find out the answers TO these technically analyzed Qs is to register for his live conf call (and who knows what THAT will set you back) this evening …
OR, if/when WRONG, goalposts redrawn at the following weeks conf call and research notes … SO it’s up to you…
“Collapsing”? if THAT doesn’t sell conf call registrations, heck, not sure whatever will! :)