This is just breathtaking, as the would-be steepener is now dead and buried. It has the feel of a final and dramatic move. A lot of things are making dramatic moves out there. The yield curve flattening like a pancake, stocks correcting, gold smashing into the target zone and bonds blowing off. Fun times, but it also feels like transitional times.
With gold on a rampage something feels phony about this picture, since over time gold prefers a steepening curve. I think we’re going through a doorway of some kind in H2 2019.
Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. [Note: the subscription rate to the value-priced NFTRH service will increase near summer’s end, so if you are considering a subscription don’t wait to lock in the current rate]
You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @NFTRHgt or StockTwits.
