We're All Doomed. DOOMED I Tell You.
Will Rising Treasury Yields Kill The Dream Of New Highs?
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We Are All Doomed.
Twitter, CNBC and every other Opposite Day Machine is now very focused on three things.
The price of oil
The rising 10-year Treasury yield
The Fed not saying that rates are going to reduce.
Now it's possible that markets plummet from here. Anything is possible. But we don't think it's likely. Because if you zoom out a little from the above points that are being muxed right into your limbic brain stem on a blue-light carrier frequency? Then you might care to notice that:
US GDP is holding up rather well
US inflation is falling
US consumer wealth is at all-time highs
Large US corporate earnings are strong - and revenue growth is in many cases trending up.
And that's before we even look at a chart to see that medium-term technical patterns remain bullish.
So. As always - it could be doomsday, but if it is? Well, we have all those 3x inverse equity index ETFs from which we can profit whilst others are suffering. This being the joy of capitalism and all.
And with that - we'll conclude with our usual refrain. If you've yet to join this Market Insight service as a paying member, you can do so right from the button below.
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