Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 48.79

-1.7%

Dec 11 4:00 PM EST

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To: da_cheif™ who wrote (112478)	10/24/2017 8:21:38 PM
From: John Pitera	Read Replies (2) of 207309

The 10 year note closed at 2.40%... it will be interesting to see if we stay here for weeks on end, it will surpise the bond market if the $TNX were to move briskly up to the.2.62 high from Dec of Last year. The move from 1.33 on July 7-8 2016 up to 2.62 % on Dec 15th. that was the first leg up in a new 36 year secular rise in interest rates...... so goes the working scenerio.... the reactive corrective wave ended on September 8th 2017 at 2.00....maybe a smidge under in Overseas trading... And the EUR/USD made It's top on the exact same day.... that top in the EUR may prove to be stand for the next year... and the 10 year note yield of 2.00 should not be scene again...... for maybe many many years. If the 10 year note has a quick advance to 2.62... and were to move to 2.75.. or certainly 3.00% at that point PE multiples in US stocks will almost undeniably contract. John

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