The stock market continues to rally as central banks/the Fed. and ECB are again buying all the debt and keeping rates suppressed. The 10yr yield has plunged to 3.07%
Crypto’s are holding their own with Bitcoin back above 21K. Gold and silver are under a little pressure even with a slightly weaker dollar. Crude is higher by just over 1%
If you have not yet, be sure to watch the video below.
GM
Greg, I'm not totally convinced the stock market is in a Bear 🧸 market. But then again I don't have a lot of Bear 🐻 market experience.
I have a question ❓ ........ Before the last bear market, did the 10yr yield behave as it's doing right now? Also, can't the market keep going up regardless as long as The FED is willing to buy bonds?
From what I gather, the market is not under any "normal" market forces, but fully under the will of The FED. As long as they want the market to go up it will. The only question is.....do they want it to continue going up for now.
Japanese bond yield was up about 18 basis points earlier this morning, now only up 3 basis points. Somebody bought a heck of a lot of Japanese bonds this morning 🌅. Hahahahahahahahahahahaaa! 🤣😀