12/9/2025
Ten year yields have risen from 3.98 to 4.18% in a couple of weeks. This is likely a wave one, just in time for a wave two pullback starting tomorrow with a FED cut. As mentioned yesterday, the FED rate is quarter point above the 3 month bill so the cut will bring them together.
The INDU moved down 179 points today but this is all just marking time till to morrow's FED announcement. We will update after the market close, we remain long term bearish.
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