Gentlemen, we have capitulation.  10-yr note yields just plunged below our rising channel of support, blowing through our 2.02% target.

2014-10-15-TNX daily 0700And, SPX just backtested its 1.272 Fib at 1823.

Cue USDJPY for emergency hockey stick operations.  All Fed presidents, report to CNBC for an optimistic, dovish interview.  Mr Buffet, please report to makeup.

Should be a heck of a bounce from here.

Comments are closed.