A very Important Chart

We don’t follow the 10 Year US rate here much BUT

It is obviously a very important barometer of where we are and where we are going

I prepared this long term chart a while ago and hadn’t looked at it lately

There was a breakout of an almost 40 YEAR downtrend all thru 2018 …and this year we have arrived at a perfect backtest.

Odds are we bounce here ( also the 200 Week Moving Average)

If Not….we will be looking squarely at a deflationary event IMHO.

Pass the popcorn.

PS….If you believe rates are finally going to rise for a long time…lock in your mortgage right here.