This will not stop until the entire market accepts the idea that yields will be high forever. I think 10Y will blow past 3%. Even 3.5 .. 4% are possible.
The trend is ready to blow-up. Usually, once waves 1-2-1-2 are completed, wave 3-of-3 happens really fast: almost instantly compared to the rest of the move. I estimate the yellow 3 completed by end of April, yellow 5 end May, and some follow up in summer in the final green wave 5.
Expect a real crash in stocks starting next week, and through entire March and April: should correlate heavily with the development of wave 3 in Treasuries.
While many expect stocks to crash, very few expect the dollar to move. The world is still at an all-time record heavy short on DXY, because of the prevailing belief that "the dollar is too strong and can only weaken from here." Wave 3-of-3 in Treasuries and Stocks will force the market to abandon this idea. The rush into the dollar will be unprecedented.
The trend is ready to blow-up. Usually, once waves 1-2-1-2 are completed, wave 3-of-3 happens really fast: almost instantly compared to the rest of the move. I estimate the yellow 3 completed by end of April, yellow 5 end May, and some follow up in summer in the final green wave 5.
Expect a real crash in stocks starting next week, and through entire March and April: should correlate heavily with the development of wave 3 in Treasuries.
While many expect stocks to crash, very few expect the dollar to move. The world is still at an all-time record heavy short on DXY, because of the prevailing belief that "the dollar is too strong and can only weaken from here." Wave 3-of-3 in Treasuries and Stocks will force the market to abandon this idea. The rush into the dollar will be unprecedented.
