A market event in Treasuries: wave 3 of E is looming
It's hard to believe, but 3-4 weeks from now the 10Y yield will break above 3% (could hit 4..5% in a couple of months). This should cause all stock markets to lose 2/3 of their market cap, and should bring EURUSD way below parity (0.88 is the target).
For the last few months the cycle always ended around the 20th of the month. Just compare DB, TLT / TNX - if you want to appreciate the subtleness of action of the invisible hand of the market.
For the last few months the cycle always ended around the 20th of the month. Just compare DB, TLT / TNX - if you want to appreciate the subtleness of action of the invisible hand of the market.
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