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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

The Ox

towerdog

To: Jacob Snyder who wrote (30289)	7/12/2021 4:28:06 PM
From: Jacob Snyder	3 Recommendations of 96546

LT $UST10Y chart: schrts.co Mid-2011 to end-2019, yield was in a 1.5-3% range. When support was broken, early 2020, there was no bottom. It was like oil, which briefly had a negative price. 2020 looks like a glacial valley, flat bottom with vertical side walls. In 2021, the first attempt to get back above 1.5%, has failed. There will be another attempt soon. Whether 1.5% is support or resistance decides which asset classes I want to hold. Just the possibility of higher (in a very relative sense) interest rates is having an effect. For example: leveraged frackers in the Permian are not drilling, because their access to cheap capital is being throttled by worried banks. So US oil production is still 2mb/d below 2019 levels, in spite of 75$ oil.

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