Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

Almost every client call I do still has to do with not missing “bottoms” or “pivots.”

How about that “pivot”?

A) UST 2yr Yield has barely moved 1 basis point in the last 24 hours and continues to signal higher-highs
B) UST 30yr Yield ramped to a NEW CYCLE HIGH of 4.40% in the last 24 hours

Yeah, that pivot should be great for US mortgage demand, housing, etc.

CHART OF THE DAY: New Cycle Highs in the US 30 Year Yield  - r1