Thank Sweet Baby Jesus that the vomit-inducing rally of March 14th through March 29th has met with a fiery death. Good God Almighty. Why do they have to put us (well, me) through this garbage? The market is going to get destroyed. Just get ON with it.
In any case, banks are falling to pieces.
In spite of interest rates rising (which you’d assume they love, but the economy is heading for such a catastrophe, even that isn’t helping). Here we see U.S. bonds have broken lifetime support, which makes sense, since why would anyone want to give money to a country $30 trillion in debt that is heading for the shithouse?
The last question is whether or not the long-term bond trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left.
