Boofing Bonds

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Good morning, everyone, and greetings from the dark and quiet suburb of Palo Alto, California. My dogs are all curled near my fight, all too familiar with my morning routine and awaiting their walk. So let’s get to it. The charts, that is, not the walk.

As most of you know, I’ve been kind of interest-rate-obsessed all year, and with good reason. We live on a globe absolutely choking on debt, and rising interest rates are probably the single most constrictive thing imaginable in such a scenario. It is therefore important to maintain not just an awareness of bonds, but an awareness of the broader trends as to just how big they might move. Looking at the /ZB this morning, we continue to inch toward the next important break point, tinted in cyan:

zbtight (more…)

Pot Pop

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On University Avenue, in downtown Palo Alto, a store opened up about a year ago called David’s Tea. As much as I like tea (particularly a chai latte), I’ve never walked into the place. It looks like a makeup store to me.

In any case, I had no idea they were public, but apparently they are with the ticker DTEA. Here is their chart’s recent history. As you can see, something rather unusual happened recently.

DAVIDS (more…)