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Rates Are Blowing Out: A 1% Increase In 10Y Yields Will Slash P/E Multiples By 18%
As Bloomberg macro technician William Maloney writes this morning, after a lengthy period of meandering, the yield on 10-year U.S. Treasuries spiked above 1.0% and hit 1.052% amid an ascending triangle breakout, signalling a further rise could be on the way. According to Maloney, the breakout could set up a run to 1.09%, which is 76.4% Fibonacci of the March 19 peak to August low.
@Goldilocks, re your “attacking patriots and helping their globalist communist agenda. “
Bottom line. Whoever controls the money, (BANKS) controls everything. The BANKS have been operating as a global socialist gov’t. The BANKS have painted themselves into a corner. The BANKS created something very big and hollow, (globalization) like the Global Trade Center buildings, the system is very vulnerable and failing.
The BANKS have been getting away with abnormal things, and if you know my philosophy, they potentially can’t getaway with abnormal things anymore. They at this point have to hope the US Dollar continues functioning as purchasing media.
After Trump got elected, I sensed there was a falling out and a split among the people with power. Possibly a left and right split. Or an emotional versus practical split. Or a nationalistic patriotic versus a world that lives as one split.
A long sequence of abnormal events led to these days.
Mr Copper
The Mayor in DC is a apparent pos.Warnings out to those attending that restaurants and accommodations were told to shut down and something about no guns. Yet of course if the thugs come in burning looting that’s okay as long as it’s perceived as attacking patriots and helping their globalist communist agenda.
@Captain Hook, re your “It is the end of America as you know it.”
I think you have it backwards. Think more about it. Things can’t get any worse long term. This will get worse short term via transition. To a better future.
Getting rid of the past as we know it should be good. The end of America as we knew it was after the great years 1945 to 1975. That was a great USA.
What is ending now? Leftist foreign global influences? Open borders? Sanctuary cities? We’re flooded with immigrants and imported products? $27 Trillion National Debt?
Good riddance. Bring on the future, lets think more positive.
The time to say…
“It is the end of America as you know it.” was 1975 after they took gold backing off the US Dollar in 1971 and allowed it to “float” my ass. It floated DOWN, gas lines, .25 cents to $1.30, high rates to 18%, Killed car and home sales, lower living standards, pay cuts wives working, unions busted, cheaper products needed so lets import.
Besides all that? After 1970? Population density, tiny building lots, in the Los Angeles, 10 pounds of shit in a 5 pound bag, in a hot valley and they had SMOG, a perfect excuse to ruin all the cars and massive unneeded environmental laws for the whole country.
They ruined the car culture, gun culture, etc and created a massive environment culture, animal rights culture, bird and lizard lover cultures ect. And look at the divisiveness in the country. The patriotic Americans versus the pro Global anti American citizens. All the stupidity culminating naturally.
Things are coming apart in DC.
It’s really bad that it has come to this but elected officials now know the silent majority is striking back. Pelosi, et. al. , now knows the public can get to them. The untouchables are now vulnerable.
Bond prices continue to erode. If the Chinese feel they have to dump the remainder of their holdings, the Fed will be in a no win situation. All that stimulus has a corresponding debt and interest rates are heading higher. The Fed is probably squirming now. The reset may be coming quicker than we think.
rno
treefrog @ 15:15
It is the end of America as you know it.
So it’s understandable some people think buying PM stocks is an appropriate reaction.
Others might buy lead or food or something like that.
It would be interesting if secession talk increases now. Florida and Texas might lead there. Would be ironic if Trump locates in Mar-a-lago and they separate.
Who knows now…the only thing for sure is this taxation without representation crap has to stop at some point.
If Americans do nothing, it will be with you in a FEMA camp, stripped of your wealth, with a Chinese national living in your house (because you are never coming out).
Have a nice day.
FYI Guns and Ammo, Smith & Wesson Up 24%, VSTO Up 14%
Smith & Wesson: https://schrts.co/XPubHZIa
VSTO: https://schrts.co/pMefpJKs
Gold down $34 almost 2%, and any gold stocks that are up on a down day should be a good bet. Any gold stocks that were out performing, and down today are a good bet too. So many good things its hard to choose.
HUI
down less than a dollar. pm shares look like they’re ignoring the metals slamdown.
we live in interesting times.
@Maddog re your “The Rig is still buying the SM……..unreal.”
Be happy, let them gorge themselves. Bon apatite. The bigger they are, the harder they fall? I hope they buy more. And they make enormous profits to pay taxes on, then they go after Gold and miners. And drive us higher.
Load up on pop corn.
@Maddog Right. I added to that post, they keep saying this is a democracy.
But it was originally a democratic republic until 1913. Because democracy alone was not so great. Mob rule. Note George Floyd riots. So that republic situation seems to be coming back. My cousin Joannie decades ago was telling me, “Geez they are turning us into a third world nation.”
Mr Copper
This could get wild……..as u say they have been backed into a corner by the Glabalist swamp and cornered people can do anything……..
tv ?
i haven’t turned my tv on this millennium.
How Many Of You Have The TV On?? Anybody at all??
I guess nobody has the TV on. Well there are thousands of Trump supporters protesting in front of the Whitehouse. They are doing EXACTLY like the anti Gun protesters do, to get their stupid feel good gun laws pushed thru.
Its interesting how finally the other side, the docile, quiet, easy going conservative silent majority has learned from the idiots how to get things done. The idiots for decades have unfortunately been victims public education campaigns.
They didn’t never realize or care about the economic decline of the country. The Practical versus the emotional are finally waking up. Obviously they saw all the Media hoopla with George Floyd too. Extreme acting out to get things done.
I still don’t know what the mobs of Cop haters expect to get from rioting. Maybe they need to teach kids on grade school to respect the police. NOT tell the kids to tell the cops…”You can’t arrest me!!! I know my rights!!!”
Looks like a revolution (reversal) going on since 2008. When I coined…
“If you were getting away with something, you better stop before you get caught”
Bernie Madoff was caught first. The latest? Rigged elections. They’ve been doing that for decades. When is the Media going to get caught and put out of business.
Maddog @ 13:42
Yes but it’s not just ‘them’ – it’s the specs (us) too.
Of course it’s mostly the hedge funds that are buying the large amounts of derivatives.
Until that stops, the nightmare will continue.
Only a run on physical will trigger the bull in PMs the PM bulls have been waiting for (and gaming) for so many years.
Stop gaming it and clean them out of physical supply instead of losing money in digital derivatives is what needs to happen.
It will come one day. You just gotta be alive long enough to see it.
Cheers
Captain Hook
To me it’s all about the Rig and the way it creates how the mkt is percieved…..How frequently does the mkt do something bad for the Rig, these days…hardly ever…what are the odds on that…..monstrous.
Anything that has those kind of odds, is suspicious.
I guess CNN thinks this is a good thing.
Stock market already changing plans back tracking to business as usual opening up China telecom. Anything for a buck.
https://www.google.com/amp/s/amp.cnn.com/cnn/2021/01/04/investing/nyse-china-telecom-intl-hnk/index.html
Buygold @ 13:14
PM shares don’t seem to be buying the gold drubbing …
Monday metals gains
Poof
Still a little green in a few of the pm shares.
Still pretty depressing unless Pence steps up.
Maddog @ 12:26
Those options influence trade during cash trading hours, so what’s not to understand?
Cheers
Captain Hook
Doubt it was just Put traders, as the mkts looked like crap all night, especially the Dog….it looked like it could fall apart any minute, so why panic buy as soon as it was open and keep on panic buying….no it stinks of scum buying.
Financial Select Sector SPDR Fund (XLF) An accident waiting to happen?
Strange backwards things happening. The whole global financial system is busted, bankrupt and the financial services sector is near all time highs. Chart below only goes back to 2010 so we can’t see 2008. But you could call this a triple top formation. You could see 2015 economy and markets topping off. Then Trump gave everything a shot of Vitamin D until the Virus was wheeled out.