MACRO

CHART OF THE DAY: Fake Pivot News

Keith McCullough

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

So what did RATES (UST Bond Yields) actually do last week that got the Fictional Fed Storytellers out in full force?

A) UST 2yr Yield was down -6 basis points last week, but is UP +7 basis points this morning
B) UST 10yr Yield was down -20 basis points last week, but is UP +5 basis points this morning

Remember the time the narrative was BUY GOOGL, MSFT, and AMZN when RATES go down? #NiceCall.

CHART OF THE DAY: Fake Pivot News - ne1

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