US10Y
The QE(xperience)Quantitative Easing, a fancy way of describing a bubble, the easy way out.
QE Alpha
During QE Alpha, speculation lead to a massive bubble, and a painful burst.
Technicals: A Fibonacci Retracement shows that price followed closely it's levels.
QE Beta
During QE Beta, after stabilizing from the Great Depression, and after the end of WW2, economy rose steadily. US being one of the winners of WW2 and with the Marshall Plan deal, had a big advantage compared to the rest of the world.
Technicals: The 1.618 retracement proves a significant resistance from above, which behaved as the ceiling for the Great Stagflation period of 1960s. Price reached an indecision where price couldn't penetrate the 1.618 retracement, but didn't want to fall below the 1929 high. A golden bull-flag was created, which escaped to the upside in 1982.
QE 1.0
After severe stagflation, a new era of progressively lower yields led to the creation of the mechanism for QE1. It's fuel ended in 2000, and for a decade, the economy had big trouble going forward. It wasn't until the GFC when the foundation was set for the birth of QE2.
Technicals: We have reached the 3rd harmonic and this proves big resistance for price. During this time, a harmonic bull-flag shaped.
QE 2.0
The QExperience, which until now was unknown and unnamed, had now a name. And we have lived with it until 2021. Derivatives came about and inflated what is left to inflate. Since day 1 of 2022 we are outside it's trend.
Technicals: Retracements drawn using the Great Depression peaks/bottoms constitute significant support/resistance levels.
Conclusion: This SPX modificator makes historical analysis of SPX more mathematically accurate and clearer to see/analyze. A new era of increasing yields leads to multiplicative problems in the QE machine. Welcome to the QT era. We are already in it, for the past year, we hope you enjoy your stay!
Look at the GFC intervention.
The modified SPX chart depends on yields. More about it on this chaotic, full-of-mistakes idea.
Tread lightly, for this is hallowed ground.
-Father Grigori
Artificial LifeWe live artificially, in a virtual world. We began this experiment when from actual currency we went to fiat.
Money printing is not that simple. A debt based economy is fueled not only by money printing but also by money creation.
Let's consider this thought experiment:
We have three protagonists, Central Bank (CB), Private Bank (PB), and Human (HS)
CB decides that she wants to run the economy, and prints $100. She creates the debt as well, so all is good.
CB lends that money to PB and demands some profit (Y) which could be the current US10Y.
The Private Bank then, to profit off of the loan, lends some money to a human.
Let's pretend that the loan the human gets is ($100+Y). On top of that there will be another tariff that will go towards the PB, let's say again Y. From that simplified transaction, the PB makes more profit than the loan, because she lended some funds from their reserves. So the PB will earn from the human 100+Y*(100+Y) and will pay back to the CB 100+Y.
Now remember, the only money in existence is the $100 that the CB made. So technically, nobody can fully pay out their obligation. Everyone is in debt and technically everyone is bankrupt from Day 1.
To cover the increasing needs of humans for loans, the PB needs more money, and so lends from the CB. The second time around, the PB borrows $100+y
So what the CB does is print some more money, every day we pay out our old obligations and we create more.
That story you might already know. I added it because I wanted to make some calculations on it.
For us to make sense of it all, we try to find out how many obligations were created from thin air.
Scenario 1
If everyone is paid off, including the CB, the extra obligations are y^2+2*y.
Now let's consider the percentage we gained from all of this. From a single "y" obligation, we created y^2+2*y obligations.
Therefore the rate of change is (final value - initial value)/(initial value).
Rate of Change = ROC = y+1
And if we plot SPX/ROC = SPX/(US10Y+1)
Scenario 2
Everyone is paid off, except the Central Bank. While this might not be 100% feasible, I believe that it ends up describing much clearer today's life.
Now the extra obligations (extra money) in circulation are y^2+2*y+1
And the rate of change from the single "y" obligation is:
ROC = y+1+1/y
And this is the plot we are witnessing now. (SPX/ROC)
Conclusion
@SPY_Master invented this chart SPX/(1/US10Y), linked below.
Which is basically a ROC of 1/y.
So the new ROC comes to fulfill the one before it, and give it a more "mathematically accurate" representation.
Where does this leave us?
This chart stopped on the 4th retracement.
RSI is looking something more beyond precarious. It is fearful.
This is another chart on how price moved the last 20 years.
I will comment later on some more charts. For now, I will let the indicators speak of themselves.
Tread lightly, for this is hallowed ground.
-Father Grigori
Weapons of Mass Destruction"Derivatives are weapons of mass destruction"
- Warren Buffett
This chart calculates the gaps we have left behind. All because of massive interday futures trading.
A while ago, we didn't have that many derivatives. Interday trading had very little effect.
In an overleveraged economy, just how much of current prices are based on actual growth?
Indices are hitting new highs, getting inflated from more and more derivative trading and leverage.
Just how much of what we see is a bubble?
Judging by this chart, we should go back to pre-2015 levels...
Trade lightly , for this is hallowed ground.
- Wall Street Grigori
Markets want their equities back.The market is longing equities, they miss them so much... Perhaps there are traders out there who actually long equities right now.
And maybe they have their reasons...
Yields are showing the first signs of exhaustion. Their chart by itself confirms it.
In the main chart above, we see support from the 200EMA (from 2M chart like before)
RSI went oversold (penetrated it's ATR channel to the downside) and is now back inside it. This is bullish.
This year stochastics were absolutely glued together, it doesn't get any tighter. Now they are ready for an upwards swing.
But wait. Not all is good.
The "true" SPX chart (SPX*US10Y) is showing it's first signs of weakness.
So we have reached the point of "diminishing returns". Any increase in equities is not providing wealth.
Like before, RSI, Stochastics and KC don't help.
SPX is showing signs of strength for the following months.
While I expect a degree of weakness in equities, not all hope is lost.
In the meantime, I expect horizontal movement for equities, and some probable growth.
Beware, for the cake is still a lie.
A couple of extra charts:
The chart I added above, the point we missed the trendline was in December 2018.
In December of 2018 was the time when Put/Call ratio and VIX took separate ways.
And what did equities do after this point in time?
PS. With all that conspiracy, I wander why I don't wear a tinfoil hat... yet.
Tread lightly, for this is hallowed ground.
- Father Grigori
Are US10Y Bond Yields really gonna plummet?With USD recently becoming a less attractive asset to hold following the recent dump and bubble burst, US10Y bond yields are not demonstrating a very appealing picture as well. Technical aspects are as follow:
1- Daily TF Cup and Handle reversal pattern
2- Uptrend lower trendline Broken
3- It has made a first Lower High and Lower Low and still pushing lower with small frame corrections
King USD is in a bad shape guys with continuous loss of investor interest. Plan your trades accordingly, Best of Luck and Happy Trading :-)
What does RSI look like?Don't mind me, I am just messing around...
I did an experiment a while ago, which I now repeat as a standalone idea.
The method is simple, draw some "meaningful" trendlines on RSI which contain 3 touches with RSI.
The 3 points on which RSI touches the trendline, draw a curve on the price chart.
You now have a beautiful chart. Some experienced traders/coders out there could make an indicator that creates channels on RSI, which translates them on the price chart.
With this comparison, we see what RSI is reading, how it is working. We can better understand what RSI trendlines translate to price.
Moral of the chart: Oil price could be bull-flagging.
I am reposting this because this is beautiful, harmonic... organic in a way...
I added an extra line on this one.
Tread lightly, for this is hallowed ground.
-Father Grigori
Yield Curve for 1/19/2023The yield on the US 10-year Treasury note, seen as a proxy for global borrowing costs, bottomed around 3.3%, the lowest since September 2022, as mounting fears of a sharp economic downturn and prospects of a less aggressive Federal Reserve boosted appetite for government debt. Data released Wednesday showed that Americans curbed spending while business investment fell, heightening concerns that the economy may be moving closer to recession. At the same time, producer prices slid by the most since the pandemic's start, offering further evidence that inflation had already peaked while giving the Fed room to slow its monetary tightening. Money markets are now pricing an almost 95% chance that the US central bank will hike rates by 25 basis points in February. Still, hawkish remarks from several Fed policymakers highlighted that the fight against inflation is far from over.
US 2 Year Note Bond Yield was 4.14 percent on Thursday.
The Dow lost more than 200 points on Thursday, while the S&P 500 and Nasdaq 100 were down roughly 1% as investors fled equities over concerns about a looming recession. The labor market remained tight, with the number of Americans filing for unemployment benefits falling last week to the lowest in four months, throwing some cold water into expectations that the Fed will pivot away from its aggressive stance. At the same time, recent data showed retail sales, producer prices, and industrial production fell more than expected in December, exacerbating worries of a slowdown in the world's largest economy. Even after such dismal data, the US central bank kept its foot on the pedal, with Boston Fed President Susan Collins among the latest policymakers to warn that rates must rise further to bring down inflation. On the corporate side, consumer products giant Procter & Gamble declined 2% after reporting a decline in sales volume.
Gasoline futures continued their upward trend toward $2.6 per gallon, the highest level in two months, tracking gains in other energy-related commodities on optimism about future fuel demand. On the supply side, OPEC and its allies decided in December to stick with their policy of curtailing oil output, restricting global supplies by 2 million barrels per day until the end of 2023. Meanwhile, the latest EIA report showed that gasoline inventories in the US rose by 3.483 million barrels in the week ending January 13th, compared to analysts' expectations of a 2.529 million build.
Gold Portfolio UpdateGOLD has reached my short-term target of $1,925.62 selling 70% of my accumulation averaging $1,679.25. Similarly, the VanEck Junior Gold Miners ETF (GDXJ) reached my short-term target selling 50% of my accumulation averaging $27.96
GOLD: 14.63% profit of 10% portfolio equity
GDXJ: 44.83% profit of 5% portfolio equity
I am keeping liquidity in Gold as my long-term outlook remains bullish and to hedge against the poor macroeconomic environment. The reason for the large profit-taking include:
- Major resistance in both charts (GOLD & GDXJ)
- Momentum indicator over-bought (GOLD & GDXJ)
- US10Y in major resistance:
-DXY in resistance and will rise once equities will stop rising
Overall, trimming on gold because of great returns. My long-term outlook remains very bullish for gold and gold miners. I believe demand for gold will continue to rise in the long term because of its material and hedge against poor international economics (deglobalization, uncertainties, recession, slow growth,...)
For personal recording
US10Y Hit a 9month support. Critical moment for the market.The US10Y hit today, in the aftermath of the 6.5% U.S. CPI, the Higher Lows (HL) Support line that has been in effect for 9 months (started on March 7th 2022). With 1D technicals bearish but not heavily (RSI = 42.655, MACD = -0.035, ADX = 36.284), the trend is undecided at the moment, at least on the short-term.
Though we see a clear Channel Down since the October 21st 2022 Top, the price can give a short-term bounce back to (and above) the 1D MA50 and the top of the Channel. Eventually, with the macro-economic outlook on the bond market changing, we believe the bearish trend will prevail on the long-term, with our immediate target being the 1D MA200.
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Peak Equities?Happy Dump Year! What a shocking year... equities dropping, bond market failing and energy skyrocketing. Almost a perfect storm ain't it?
But something ain't right... Have we passed the dump year or are we just started? Which number will we be talking about in the future, 22 or 23?
And another question... have equities peaked?
For the past year, bonds have been outperforming equities.
But equities have been holding relatively strong despite the monumental increase in yields.
Now we might have reached the point of diminishing returns.
Every move we make is beginning to turn up against us.
The similarity to the Great Depression is stunning.
Stochastics don't help the situation much. Even if a total crash does not occur, the product looks fated to move horizontally.
The cover chart pinpoints us on a fib retracement, with much resistance above. The drawn levels were respected throughout the last 15 years.
Other equity comparisons follow suit...
The charts above attempt to objectively calculate the price of equities compared to the cost of money.
This chart below attempts to calculate the excess performance SPX has, compared to the performance of an investment in bonds. It is further modified by PPIACO, the producer price cost.
Printed on the chart are some beautiful bull flags, and some very historically-important retracements. Equities will have much trouble gaining traction compared to bonds.
This year, the relative performance of equities compared to bonds, showed a 60% drop.
So 2022 was definitely a Dump Year. This is massive of a figure for the equity market, measured as relative performance. Also the bond market has suffered a lot this year.
If equities have already sustained a massive hit compared to bonds, who will be the next to take the dive? Since their product (their cumulative profit) has just now showed signs of stagnation.
Will equities drop again or bonds, or both? It smells like 2023 will have some sort of dump...
An analysis of equity mutual funds compared to bond-focused mutual funds could have a lot to say... I leave it as an exercise for the TradingView community. Feel free to tag me if you analyze anything regarding it!
PS. Happy Dump Days as of now (The peak of the product chart), for the main indices are:
DJI: Nov. 8, 2022
SPX: Nov. 10, 2022
NDQ: Oct. 25, 2022
Take a look at price action of the indices after that day if you are curious on how real prices translated from that day onwards.
Tread lightly, for this is hallowed ground.
-Father Grigori
US10y vs FED rate. Should u put $ into bank or buy gold? 10/Jan/US2Y and 10Y bonds yields always “follow” FED rate paths. Now we “see” some “experts” encouraged us to “save” money into banks (especially USD denominated a.c) to gain higher rate. Hope to enjoy high fixed guaranteed return like early 1980s which was above 10%!!! Looking at those chart and gold price do you think “fixed deposits “ into bank is “worth” as investments?
Energy ready for prime-time?An updated view
Pattern taken from reverse symmetry.
Elliott Waves
Stochastic RSI Oscillators
The 12 Month oscillator pushes everything upwards. Since the 3M oscillator is at it's top, we expect a short drop until mid 2023. It will be short because of the effect of the 1M oscillator as well as the 12M one.
Oscillators tell us that it is probable for price of energy to drop until Q2 of 2023 and then begin it's rally. Energy could very well increase now. The ABC Elliott wave shown on the main chart is alarming.
An alternate scenario is this.
A 5-step Elliott wave.
Either of them could play out.
Tread lightly, for this is hallowed ground.
-Father Grigori
Financial (in)stability mechanismsI have posted many times regarding volatility, especially the VVIX&VIX relationship.
There are times when mechanisms need to activate to stabilize the economy, the psychology, the society. Recessions, wars, pandemics are periods that may justify such actions.
It is wise for an investor to understand pressures and their direction. The motto "Don't fight the FED" and "Don't go against the trend" should be applied everywhere.
A very rapid growth like in 2016 needed suppression, or else equities would have gone parabolic.
Increasing yields makes growth harder. So the thought process back then was to suppress growth. I have some theories on why they wanted growth suppression. My ideas are extreme as they are, so I will try to put them into the suppressing field.
After this parabolic growth that occured backstage, the recession nobody remembers ocurred.
Yields suppress growth.
Yields as a stability mechanism.
Yield increases however can cause the opposite problem, money scarcity and liquidity problems.
Yields cause recessions.
Yields as an instability mechanism.
_______________________________________________________
Now onto VIX.
This year's recession was a time when financial stability had to occur to calm the markets. Back in 1929 we didn't have such mechanisms. The main chart, VVIX, shows us that there is substantial volatility management backstage.
While I don't know the mechanisms for SPX and VIX stabilization, I have some theories. There are now massive hedge funds that can easily stabilize the equity/derivative market. VIX is a traded index, so hoarding contracts could in theory artificially change the VIX value. That is why I advised on volatility analysis by comparing VIX with volatility indicators.
Hedge Funds (amongst other mechanisms) suppress volatility.
Smart Money as a stability mechanism.
I have posted before about the VVIX/VIX chart and how it can help us analyze SPX growth stability.
So the question arises, how much and for how long have markets been manipulated? Surely in 1929 there was nothing one could do to stabilize the markets. That is why the recession was so deep and painful. We had no brakes.
Manipulation/stabilization works in a consistent manner, when VIX peaks we suppress it. Suppression works by making VIX more predictable and less spiky. So inherently VIX manipulation decreases VVIX. With these charts we can see the stabilization mechanism in action.
In the middle of the 2008 recession, in May-June we had this period when psychology briefly changed from pessimism to optimism.
It is the denial phase of psychology. More about that in the "VIX | The effect on SPX" idea linked below.
It is this vicious cycle during the VIX manipulation period that drags us further down inside the recession.
VIX suppression cycle pulls economy into a vicious cycle.
Stability mechanisms as instability mechanisms.
_______________________________________________________
Onto some speculation:
Perhaps we are in a long-term recession, since 2018. Again, look into "The Cake is a Lie" idea.
Back in 2018 we were in a recession while equities were rapidly increasing. Now we are growing with equities dropping. This is nuts!!!
Look at this VVIX/VIX chart comparison.
In this chart I have hidden the price of VVIX/VIX and left just the EMA Ribbon. That is what we live through now. I drew a retracement from this specific point in time so as to better pinpoint the possible targets for VVIX/VIX.
This chart suggests that we have never went through the crisis since 2018. I know this is crazy to say, but look at this chart below.
RSI divergence confirms that. Perhaps the RSI of SPX correlates better to the VVIX/VIX chart.
_______________________________________________________
Conclusion:
So where does this leaves us? The fact that we have passed through two periods of upside down phenomena (2018 and 2021), when equities were increasing in a recession, and vice versa. This troubles me, as to how much is hidden. How big of a problem are we in and we have just not realized it yet. Moral of the story again? Don't believe what you are told and what you are shown. Don't listen to me as well. Do your own research.
There may still be massive volatility ahead of us. VVIX is suppressed by more than 30%. If VVIX returns to normal levels ~120 and the VVIX/VIX targets are correct, this means that VIX will increase 3.5x from what it is now. As a number it makes sense because it takes us to the peak of the 2020 Black Swan. VIX has every possibility to go incredibly high.
QE and Stabilization Mechanisms themselves have caused this fog. In our attempt to stabilize the economy, we have clouded our vision.
The suppressing field will be shut off, on the day we have mastered ourselves. On the day we can prove, we no longer need it. And that day of transformation, I have it on good authority, is close at hand.
-Dr. Breen
US10Y 🇺🇸 U.S. 10-Year Interest Rate History (1913 - 2022) One of the biggest "shocks" in the 22' financial markets is the breaking of the long-term (weekly) trend in Interest Rates — specifically the U.S. 10-Year Treasury (US10Y), which has gone through now two long-term trend cycles since it’s history dating back to 1913.
Given the inflation fight that the Federal Reserve is currently waging, while at the same time keeping in mind the structural debt-load that the U.S. 🇺🇸 is current burdened with, this begs the question can rates actually go higher from here?
While we do not know the answer as to the actual trajectory of interest rates into 23’ and beyond — what we do know is that given the structural debt load, we can speculate that at some point rates will likely be forced lower as a proxy of stabilizing inflation and also total debt servicing obligations of the U.S. Government.
Also keep in mind comments by J. Powell and the Federal Reserve as they have been preparing investors for a new macro regime of “higher for longer” .
Should this actually play out and not just be the "hawkish tone" of the Federal Reserve that is helping to push interest rates higher, investors must consider the ramifications that could come IF we have truly entered a new (rising) interest rate regime that includes structurally higher rates as part of the next 40+ year historical cycles.
Here is the same chart of the (US10Y) paired against the backdrop of other macro indicators including Federal Reserve Balance Sheet, as they give us insight as to both the bull and bear thesis for yields moving forward:
U.S. 10-Year (US10Y) vs. Fed Funds Rate (FEDFUNDS) 📊
U.S. 10-Year (US10Y) vs. U.S. Inflation Rate YoY (USIRYY) 📊
U.S. 10-Year (US10Y) vs. U.S. Federal Debt Total Public (GFDEBTN) 📊
U.S. 10-Year (US10Y) vs. U.S. Federal Reserve Central Bank Balance Sheet (USCBBS) 📊
U.S. 10-Year (US10Y) vs. U.S. Liabilities & Capital (WRESBAL) 📊
U.S. 10-Year (US10Y) vs. S&P 500 (SPX, SPY) 📊
U.S. 10-Year (US10Y) vs. Dow Jones Industrial Average (DJIA, DIA) 📊
What is your take on the forward trajectory of interest rates?
Have we officially broken the 40+ year downtrend on structurally low interest rates, given the potential for entrenched inflationary pressures within the U.S. economy?
Or, will rates be forced lower as structural debt obligations of the U.S. are far too great to support the notion of "higher yields for longer"?
Let us know your thoughts in the comments below! 👇🏼
M2SL | Duplex Megaprinter 8000 ™Back in the 80s, we thought that by 2020 we would have an automated oven and flying cars. All we got is a money printer, and we liked it. We played with it a lot. And this year for Christmas, who wouldn't like some more printer ammo?
Since high inflation cannot ensure social stability, we have only one option. Lower inflation. That is the motto of the FED, the hope of every investor, a lower inflation figure. The consumer is overwhelmed from the increasing cost to survive . The inflation war is nowhere near it's end. We have gone from commodity inflation to services inflation, to the everything inflation. We haven't managed to stop it. What if there was another way?
Actually there is another way. If you break the oath of "never read the news" and actually read the news, you will realize that the average consumer is getting the help they need from grants. Governments throughout the world have found the way for social stability. They simply buy us off.
Record high electricity bill? No problem, here is a grant, the government is paying a percentage of the bill as a help.
Expensive fuel? Here are 100€ in fuel discount to go to work.
It is like the best Christmas ever. Businesses get to enjoy 100% of the earnings they want, consumers consume, and governments have social and financial stability. They just have to keep the game going, keep the printer full of ink. Everyone is happy. One could say that this perfect scenario we are in cannot fail. And even if it breaks, we keep the printer rolling.
Sometime in the not-so-distant-future of course, something could break. We have just moved the problem from the consumer to the investor/corporation/government. We have gained some time. It is just incredibly difficult for me to understand what could break if this game goes on and who will take the dive. At what point will this printer stop helping us?
Right now it helps many. Also go out and talk with people, almost nobody talks about inflation as a problem that could completely destabilize the global economy. They just care about the immediate issue, that everything is expensive.
We are humans, and not a very wise kind. We are an infant species (like Dr. Breen said). Even now that we realize what we have created, and try to solve it, we do it in a fashion that will ultimately turn against us. We buy out everyone and everything, we have made humans more dependent. With all that technology around us, I realize that we are incredibly fragile. We haven't managed to be empowered from technology, we are swallowed in it. And we hate the word Plan B, imagine how trapped we are in when we don't cover our bases.
We buy out our problems because we search for the easy way out. That's the reason we made the printer in the first place. We needed to solve one issue, ignoring the future repercussions.
After all that epilogue, I will now add the prologue. This idea is upside down, like everything around us these days.
On the main chart, we see that we have found support on the weekly ribbon.
The 1M (and 2M) chart suggests that we are heavily supported from below.
Do note that dropping oscillator on money supply does not mean significant price drop. Since money supply increases exponentially, a bearish oscillator suggests that we are on the upper side of the trend.
This chart shows us the Reverse Repurchase Aggreements.
We have RSI divergence, and stochastics dont help the situation. RRPONTTLD dropping is signaling QE.
As SPY_Master stated in this idea, this chart shows us the effort the FED does to fight inflation.
Yields show a similar picture. We are under significant resistance from the 200EMA in the 2M chart. Stochastics print a bearish signal.
CURRCIR/M2SL may be printing a bull flag.
What will be the effect if currency-in-circulation increases compared to money supply? How will prices and inflation react? We have already had significant increase in the past year in the ratio.
US money supply is showing signs of increasing, or at least stagnating. This chart comparing US and EU is alarming...
Tread lightly, for this is hallowed ground.
-Father Grigori
Are U.S. Yield Curve Inversions Signaling 2023 Recession? Looking at the Inverted Yield Curve Chart s of the U.S. 10yr Treasury vs. U.S. 3mo Treasury (US10Y - US03M), along with the U.S. 10yr Treasury vs. U.S. 2yr Treasury (US10Y - US02Y) — are yields signaling a topping process? Or, should we even higher yields into 23'?
4-Hour Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Daily Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Weekly Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Monthly Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Monthly Inverted Yield Curve Chart 📊
Bottom Chart: US10Y - US02Y
U.S. 2yr Treasury (Inverted) vs. SPY (SPX ES1!) 📊
Black Line: SPY
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. QQQ (NQ Nasdaq) 📊
Black Line: QQQ
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. DIA (Dow Jones Dow Jones Industrial Average DJIA) 📊
Black Line: DIA
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. IWM (Russell 2000 Russell Small Caps RUT) 📊
Black Line: IWM
Blue Line: US02Y Inverted
Do you think that yields have reached their peak for this Federal Reserve tightening cycle here in late 22'? Or, will we see further rises in yields, putting more pressure on risk assets in the new year (23')? 👇🏼
Yield Curve Inversion Chart Template 📊👇🏼
www.tradingview.com
Inverted U.S. 2yr Treasury Curve vs. Asset (SPY QQQ DIA IWM) Chart Template 📊👇🏼
www.tradingview.com