MARKET UPDATE. The 10yr Yield PLUMMETS! Stocks SURGE Higher.
From Greg M
Lions and friends…
As I am writing this the 10yr yield has continued to drop, this started overnight- (MASSIVE DEBT BUYING).
At the close on Friday the 10yr stood at 3.82% it is now 3.65% and stocks are higher.
The relative dollar strength has also reversed and is lower by 0.24%
The MMRI has also dropped, and it now sits at 253.9
GM
Looks like silver has hit its bottom. Inverted head and shoulders pattern.
/SI Daily Chart:
https://docs.google.com/document/d/1grN0KOPzXFBMZhWePSvJ74y0VxSofnjaLTmAGwxxyGU/edit?usp=drivesdk
Just another “Dead Cat Bounce”.