indicators

Yields & Yield Dynamics Continue Unabated

The 30yr-5yr curve is still rising and in the bottom panel the nominal 10 year yield is still rising.

30-5 yield curve and 10 year yield

As such, the Vampire Squid (per this weekly NFTRH+ chart) is well on its way toward target, as it and the rest of the Banking/Financials sector takes off.

gs weekly chart

The market is now free of the election’s biggest questions and as it sorts things out it’ll focus on Trump, what he is and is not with respect to the economy, trade and the markets, and oh yeah, there’s FOMC hanging out there with the 1/4 point rate hike in its back pocket, now that the political theater is done and the bond market is telling them what they should do.

It’ll be interesting, that’s for sure.

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