The 10 year treasury hit 3% today and 2 year treasuries haven’t been this high since back in 2008. Is the 5,000 year low in rates behind us? Let’s just say I don’t think we’ll see these lows again in my lifetime. If you are considering selling your house this could be your last chance as once the bonds start to collapse rates can double very quickly.
The DOW had a light volume day but it did refresh its bullish impulse leg on the hourly. According to the SEC there is over $3 trillion sitting in money market funds. You can be sure this money will be waiting to jump in when the markets end their consolidation and decides to make its next move.