Both the ten-year and the thirty-year TBonds have been rallying, as shown by the two ETF’s that measure appreciation of yield, TNX and TYA. These declining ETF’s, suggest, perhaps, more money leaving stocks and moving back into bonds. Interest rates are going lower. This suggests the global economy is not fixed by all the money-spending of the central banks; and global depression will continue.
Also, the other index doing well in terms of appreciation ‘with a pulse‘ is the UTY, the Utility Index, suggesting the same: yield is still attractive. Note in the UTY chart how a declining CGTS Indicator pivots at its bottom and reverses back up to lead the Index on a long climb up the ladder of appreciation, begun in December 2012, and still continuing.
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Ok; here’s a picture of the VIX. This issue describes the amount of volatility in the markets – that is, the anti-stock volatility – the selling energy. The VIX seems to be waking up.
It is almost impossible to trade the VIX, with its short rapid movements up and down. But its ‘liveliness‘ is a warning to those complacent about stock gains.
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