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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (21152)	8/6/2018 10:28:24 AM
From: rogermci®	2 Recommendations Recommended By McKia sixty2nds Read Replies (2) \| Respond to of 33421

I don't find that a surprise at all and the key takeaway from his comments is "the current bull market could actually go for 2 or 3 more years" which would actually coincide with my take on the bull market running 5 years from 2016-2021 as it did from 1982-1987. Of course I date a secular bull from Feb 2016. Many don't agree with me on that point. But bottom line is if 10 year goes to 5%, we're going to have an economy that is smoking hot. Smoking hot means higher stock prices. That's my take.

To: John Pitera who wrote (21152)	8/6/2018 11:48:07 AM
From: humble1	1 Recommendation Recommended By sixty2nds Respond to of 33421

JP: That is definitely the big news of the day and, at the risk of being burned at the stake for heresy, I am suspicious. For one thing, bond SHORTS are at a record high. For another, Dimon upped his forecast from 4% to 5% and it sounds kind of frantic. I SUSPECT that his trading desk is among those heavily short and he wants out. People like Dimon NEVER make a public statement for the benefit of the trading public. Note that the 10 year has barely budged since his dramatic 4% prediction. The big surprise would be for the 10 year to drop to 2.5% or lower as the widely forecast inflation surge fades into history.