“ “I think we have a second tranche and that is very reminiscent of what happened in the 1930s, where people appreciate the depth of this recession and the disruption and how long it will take to recover.” “ That’s A. Gary Shilling, a longtime economist and president of A. …
Read More »A broken uptrend in key government bond yield could bode badly for stocks
Too much for V-shaped recovery. The yield on the 10-year Treasury bond TMUBMUSD10Y, 0.647% it just broke below an ascending trend line, suggesting that the uptrend of the COVID-19 low in early March has ended. That upward trend in rates was significant for both Main Street and Wall Street. It …
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