The market is, once again, a ceaseless sea of green this morning. The S&P 500, the NASDAQ, the small caps, crude oil, and bonds are all up. At the moment, we at least remain in a series of lower highs.

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The market is, once again, a ceaseless sea of green this morning. The S&P 500, the NASDAQ, the small caps, crude oil, and bonds are all up. At the moment, we at least remain in a series of lower highs.

This was a real beauty: the bond fund TLT was banging inside a triangle and peaked right at the apex. Since then: blammo!

The chart speaks for itself: NVDA ain’t the world, people. It’s a fad. A huge fad, but a fad nonetheless. As interest rates rise, the whole house of cards is comin’ down.

The universal opinion now is that the bond bear market ended months ago, and bonds are an amazingly cheap investment, protected by the pristine reputation of the U.S. of A.
