It has been heartening this week to see that bonds are, at long last, started to weaken again. Looking at the intraday chart, you can see the breakdown, particularly in the form of lower highs.
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It’s nice to see one of my shorts, Pier One, get clobbered after hours.
I am kind of fascinated by this VOO chart, which is based on the S&P 500. Check out the red horizontal as well as that dotted trendline. Notice how prices are mashed just beneath them.
This is from last June……..