A bout of risk off due (again)- Oil, JPY, SPX, Bond yields align
With the pop above 52.20 on 4h charts this morning Oil has fulfilled criteria for a simple flat a-b-c correction from recent 49+ lows and ready to head lower again shortly
This aligns with other signs for risk off imminently
JPY crosses have rebounded into decent Fib retracement zones
SPX looks to be out of steam and more interestingly China A50 has met Fib retrace and filled New Year gap
Bond yields also looking like they have had their momentary bounce for now and about to head lower s/term
Caveat emptor
This aligns with other signs for risk off imminently
JPY crosses have rebounded into decent Fib retracement zones
SPX looks to be out of steam and more interestingly China A50 has met Fib retrace and filled New Year gap
Bond yields also looking like they have had their momentary bounce for now and about to head lower s/term
Caveat emptor
評論:
Originally posted on Valentine's Day with US 10 yr yield at 1.60%.....think about that...I posted this originally 3 weeks ago and 10 yr yield ahs HALVED !!!
The system is broken thans to the central banks
The system is broken thans to the central banks
Risk happens fast.
Looking for a bounce in risk assets (and hence yields) shortly as very overdone from the sell off of the last 2 weeks.
Longer term we could still potentially see sub 1% yield on the Ten Year Note.