A Contrarian's Signal To Buy Bonds?

Good Friday Morning, MPTraders!  October 9, 2026-- Pre-Market Update

The current cover of The Economist:  Is it a contrarian's signal to buy bonds (in expectation of lower longer-term yields)?

If I overlay my chartwork on The Economist's Bond "signal," YIELD will need to roll over and nose-dive beneath 4.75%-4.80% to trigger a serious trend reversal. Otherwise, weakness in YIELD will be considered a minor pullback in a dominant uptrend pattern that is destined to blow through 5.50% en route to 6.00%. 

Furthermore, to get a significant decline in YIELD, we will need some help-- maybe a lot of help, from the Oil market, which at the moment (see my attached 2-hour chart) indicates that Oil needs to crash through 86.00 to enhance both a bond market rally (yield decline) and a stock market pop to new ATHs...

A relief rally in bonds (TLTs) accompanied by a pop in equity prices, however temporary it might be, leads me to anticipate that such a scenario-- a pullback in YIELD accompanied by a thrust in ES to new ATHs is THE RALLY to reduce exposure to equities in general and to technology in particular...