Editor’s note: This is a brief excerpt from CEO Keith McCullough’s morning research. Click here for more information on how you can subscribe.
The UST 10YR Yield is down hard on the October jobs report, and down again to 2.29% this morning after trading 10-12 basis points higher into jobs day on misbegotten hopes that the U.S. isn’t slowing like the rest of the world is.
Newsflash: It is.
We’re staying long the Long Bond (via TLT) and bond proxies. That’s where the fundamental performance is and has been all year.