A market event in Treasuries: wave E is no joke
The amount of destructive power accumulated in the markets is unprecedented. All bubbles are going to pop at the same time. The short dollar, the long stocks and all other yield: all will unwind (unexpectedly as usual) in the most violent fashion. We are going to see a nearly 100% correlated move in all instruments. I track around 40 symbols and all of them stage a huge move. It feels like the entire market has approached a cliff... and is ready to embrace the void.
10Y yield surely will hit 4-5% in wave E. Wave E usually completes everything wave C didn't dare.
1929 is no comparison to what's coming. Back then the Dow only lost 49%, and this time stocks will lose 2/3 of value, accompanies by another 2/3 haircut in debt.
There will be only two safe havens: the Dollar (EUR below 0.90) and the Yen (USDJPY ~87), EURJPY below 90.
10Y yield surely will hit 4-5% in wave E. Wave E usually completes everything wave C didn't dare.
1929 is no comparison to what's coming. Back then the Dow only lost 49%, and this time stocks will lose 2/3 of value, accompanies by another 2/3 haircut in debt.
There will be only two safe havens: the Dollar (EUR below 0.90) and the Yen (USDJPY ~87), EURJPY below 90.
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