- Yields on Italian and French fixed income securities continue higher. It is the highly unusual, "US equity investors are wrong" scenario. That never happens! China and Japan won't want their trillions of dollars back and US Treasury fixed income securities are priced correctly.
- Just another day, the market closed close to unchanged for the day. As it stands, the interpretation is still a corrective wave, as part of a larger move higher, for the major equity indexes.
- Technically: equities remain in a bull market. Fundamentally & Intermarket Technically: there is too much leverage in the system, the growth prospects for developed nations aren't great or good and youtube Jim Cramer's "they know nothing" rant, since the fixed income markets are again pricing in Armageddon.
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