Long-time readers know (time machine work, study of red light laser therapy and anti-aging medicine aside) our main fascination on the Peoplenomics side of the house is how we could replay events of 1929: Here’s how today’s trading looks in the larger context, so far…
This is NOT to says that the market will keep going down until we get to the yellow zone. What we will offer is the waveform of the 1929 topping process clearly has SOME similarities to where we are presently.
There are also floods and droughts, and OK, sure, a deflationary wave in commodities.
But more of this type thing on the subscriber side Wednesday (and maybe in the morning). For now, the question is whether there will be a playable Wave 2 bounce when the Wave 1 down here runs out of downside steam?
Click the one month view of the 10-year Treasury Note over on Yahoo (here) and you’ll see inflation is OFF the table and Deflation is coming on hard. Not that it won’t change, but it’s a major change (more than half a point) from last year at this time.
Between falling – not rising – interest rates and the denial breaking on a possible Wave 2 of Covid we advised of in the Friday column, I’m reminded of the tag line from the old A-Team TV series.
“I love it when a plan comes together.”
As always, good luck to us all and more in the morning.
Write when you get rich,