“the market is oversold”

Stocks down. Bonds down. Dollar below 100. All at the same time.

That’s not a rotation. That’s capital leaving US assets.

The 30Y yield is 7 basis points from 5% while the dollar breaks a level it hasn’t lost in years. $TLT is getting destroyed on a day when it should be catching a bid.

When treasuries stop acting as a safe haven during a selloff, you’re watching a confidence problem, not a growth problem.

Powell speaks Saturday. If he doesn’t address the long end, I think $SPY trades below 640 next week.

Quad witch just stripped the gamma cushion. Monday moves hard in whatever direction it picks.

Is this the Sell America trade or am I overthinking it?

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.