MBO Issue 110 (Feb 2021) Bonds in Deep Sh*t
By Lawrence
Content
- Review
- Euro Next Move Depends on US Interest Rate
- S&P Enters Consolidation Mode
- Gold Bulls Exaggerate Its Potential Upside
- Bitcoin is the Market to Avoid
- 10-Year Note at Critical Juncture
- Big Picture Summary
Review
Euro pullback as expected within the weekly up channel.
S&P swing hard both ways over last few weeks as volatility picked up.
Gold being the weak one in the alternative complex is confirmed with a retest of 2020Q4 weekly swing low.
BitCoin just experienced a 30% correction and now trying to retest the all-time-high.
10-Year Note interest rate has edged up and above the long term down channel midpoint. Early signs that US Fed is losing control of the interest rate.
Everything happened as expected. But this month can give us a few surprises.
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