Here is commentary from another poster on same site. Anyone here want to comment?
Yep, I see the 10-year yield was still rising overnight...now at 4.50%....that should push TBT higher and sink TLT tomorrow if it holds....that long bond yield is popping quite quickly...!
...an expert portfolio manager says there was a very weird bond spike a few days ago and he thinks it could be the smart money dumping bonds.......the most liquid, ultra-safe asset in the world suddenly went illiquid a few days ago...now, he thinks there is a big credit event coming!!! He says the entire US banking sector could collapse if this bond spike is a hint of things to come!!! Yikes....!!!😯
This guy says watch for GOLD as at some point, it will make a big move when bond yields go out of control....he also says watch Utility stocks (XLU as an example) as they are signaling a market crash, just as they did back in 1929.....but US Treasuries may be the credit event, but after a crash, bonds could rally as they always do after a market collapse.... 😮
He also compares the current year to 1987, which is a thesis I have been pointing out too for the past few months ....very interesting!
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