October 1, 2020
March 18, 20 our headline “Hedge the Notes and Bonds and nothing has changed in that outlook
The background for rates is like a high tension act. Since interest rate volatility measures from its May low worked off into a TE#2, a set up predicting a major trend-based on the weekly chart. That low followed by 11 weeks of tension building where the bulls and bears could not kick off a trend. The coiling up action cycled back this week into a new TE#2, again calling for a forceful trend.