Jim Willie: A Move Above 3.0% On The 10-Year Would Pop The Stock Market Bubble

• Jim Willie: A Move Above 3.0% On The 10-Year Would Pop The Stock Market Bubble
  by Jim Willie of Golden Jackass, via https://www.silverdoctors.com/
  The Jackass adds a few points, first on the technical chart and then on the pessimistic viewpoint toward the vile banker sector.
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  The above is a severely dangerous looking chart, with a Head & Shoulders reversal pattern evident, and an upward bias in addition. The recent move above 2.60% could continue and push the USTreasury 10-year yield (TNX) above the 3.0% level. That would cause severe problems, and issue loud dire signals. It would pop and pinprick the S&P500 stock index and the Dow Jones Industrial Average.
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  The H&S reversal target is in the neighborhood of 4.0% incredibly, as the great unwind is near, for both stocks and bonds. The fundamentals ride directly beside the dire technicals. The USGovt deficits are rising fast, better described as exploding upwards. The trade gap is rising also to truly dangerous levels. The USGovt stands at risk of shutdown over the debt ceiling issue. Foreign governments are moving away from the USDollar in bank reserves AND in trade payment. The USGovt continues in its sanctions, enforced via SWIFT channels.
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