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<\/a><\/p>\nI don’t have a chart for the 2 or 3 year yield so am using the ETF SHY as a proxy.
\nSHY has been steady while $TNX has been rising, so the yield curve chart looks much like a chart of the $TNX.
\n(BTW, notice how $GOLD has been inversely tracking $TNX)
\nYIELD CURVE chart – Weekly (Not a true YC chart, but the best I could do.)<\/p>\n
Notice today’s gap up in interest rates and in the yield curve. Consider that $SPX as a percent of GDP is at all time highs. Margins as a percent of GDP are also at all time highs. So the most over valued market in history is also the most levered market in history. Retail investors are “all in.” $TNX is the 10 year US treasury yield. $TNX Daily I don’t have a chart for the 2 or 3 year yield so am using the ETF SHY as a proxy. SHY has been steady while $TNX has been rising, … Continue reading <\/a><\/p>\n
\nThe question is, at what point is the stock market going to throw a hissy fit about rising interest rates? A break through the S\/R line at 0.18 on the yield curve chart would be a good guess. If a serious correction happens investors will sell anything and everything, including Gold, to raise currency to meet their margin calls. I don’t say a crash is definitely going to happen, but it is possible, maybe probable. Be careful out there. <\/p>\n","protected":false},"excerpt":{"rendered":"