Will Trump be able to reinvigorate the economy? I wouldn’t have imagined it possible were it not for the fact that T-Bond prices have broken down so severely. This has sent yields on long-term Treasury’s soaring toward 3%, up from a low of 2.1% in July. I still see deflation as the force that will inevitably do us in, triggering a Second Great Depression. It would feed off of the implosion of a quadrillion derivatives bubble, the by-now unavoidable bankruptcy of Social Security, Medicare and public pensions, and a collapse in residential real estates prices. But with yesterday’s 1200-point turnaround in the Dow Industrial Average, the markets may be telegraphing a strong economic upthrust in the interim. Higher yields would correspond to a period of inflation, presumably temporary, while the stock market’s ballistic bounce in recent days could be the start of a steep ascent into record territory. Even before the election, I’d projected a 1500-point run-up in the Dow. We will want to monitor its vital signs if and when it gets to my 19727 target, a Hidden Pivot resistance. However, an easy move past that number would imply that the blue chip average is about to push well above 20,000. This sounds incredible to me, but I’ve learned over time to trust my technical tea leaves over whatever gut feelings I might have.