This week’s readings on indicators such as New Highs/New Lows have finally started to deteriorate. The timing is a little bit of a concern as one of our fears for the markets over the summer has been a surprise out of Europe that could affect the Euro and financial system. The Bond Market Vane is currently around 48, suggesting sentiment is neutral, but one of the things that is interesting is that few are predicting a big move in rates, and we think that another significant low in rates is close by, if not at hand.
Sorry this page is available to subscribers only. If you're not a subscriber why not join today?