The 10 year broke below the trend line yesterday and is continuing the move lower today again. A few weeks ago the 200 day moving looked impossible, but here we are, only 10 bps away…

Tech’s love for falling yields continues with the NASDAQ vs Russell ratio printing new recent highs as of writing.

We are now at late 2020 levels for the ratio.

So much for the great rotation everybody is all in on…

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