This is all you need to know.
The market is a collection of morons trading against one another in a never-ending whir of emotion.
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Joined Nov 10, 2007
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3% came after 2.99999% …who could have predicted
High(er) US interest rates are pushing peripherals that issued debt denominated in USD closer and closer to insolvency. Those with capital to protect will start moving into TSY at the same time as others in peripheries are reaching for yield; thus, 10Y mid-long term trend down
I like gold here.
The way I see it, rates retreat as they did in 2014: Gold goes up.
10 year hangs out above 3% or goes higher: Stocks get murdered, gold goes up.
It seems so simple, so it’s sure to fail.