Bears are certainly showing the type of strength we haven’t seen in a long time. A week ago at this time futures were surging on news of a “truce” for 90 days between China and the U.S. in their trade spat. But the charts were still not saying lovely things despite a major rally the week prior. And by Tuesday, darkness had descended back on the indexes, with another gut punch Friday. A lot of emphasis was put on a long term Treasury yield dropping below a shorter term Treasury.Continue reading
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