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I pointed out in this post the other night about the issue of whether Treasuries were raring to go another leg higher in their long-term bull market, or whether we would see signs of being on the other side of the mountain. On Tuesday, we saw an impressive bullish candle out of that consolidation, turning many constructive again on Treasuries. Two day later, though, those gains have been given back, and then some. To me, this is a message from the market that Treasuries are seeing signs of changing character. Money looks to be coming out of U.S. government bonds, and I am going to assign value to the misdirection we that saw this week.
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Awesome post Chess. Does the Anti-Theft lunch bag come with anti-banana glasses Beverly Hills Cop 1 style?
LoL nice 1