Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Benchmark 10 Year YIELD Gives Back All of Its Q3 GDP Upside


U.S. benchmark 10-year Yield continues to stair-step to the downside in the days following the Dec 23 upward revision in US Q3 GDP.

Yield peaked on Dec 24 at 2.31%, but has since slinked its way back down to 2.17%.

Huh? Strange action in the instrument that is supposedly a sensitive barometer of economic growth.

Then again, maybe Yield is telling us the truth—that US economic growth of 5% either is a mirage, or represents a brief spurt that already passed?

Whatever the case, all of the action in Yield above 2.23% last week now looks like a nasty Bull Trap ahead of the resumption of dominant downtrend weakness.

Meanwhile, related or not, spot Gold seems to be acting just the opposite of YIELD—perhaps reflecting the growth headfake, which will put pressure on the U.S. Dollar, and raise expectations that the Fed might have to reconsider more QE to ward off deflation?

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!