Downside Market Action Continues as Malinvestments Get Revealed; Equities Bounce Would Be Normal

I want to discuss some matters using links to charts.  Sometimes showing trends on a five-year basis is helpful, because the computer’s smoothing dispenses with some of the short-term data (“noise) to reveal larger trends better.  First, the U.S. 10-year Treasury has already mapped out a low below last year’s panic low– but now there [...]

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