10 Year Yield Wins "My Award" for Most Perplexing Market in 2017

To my mind, the market that is awarded "Most Perplexing, and Most Confounding" is 10 year Treasury YIELD.

After Trump's election, the shift to a pro-growth agenda (albeit with many fits and starts), the revival of animal spirits in the economy, tax reform, tax repatriation, global synchronized economic growth, overlaid on an historically low Unemployment Rate, and a much less friendly Fed... all managed to fail to move the longer term interest rate needle to the upside.

Yes, the one missing ingredient was over signs of rising inflationary pressures.

Nonetheless, I remain incredulous, but suspicious, especially when I look at the attached intermediate term technical set up exhibited by the 10 year YIELD chart...

12 28 17 Daily 10 year YIELD GIF
12 28 17 Daily 10 year YIELD GIF

  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!