The Smart Money is Betting on More Economic Pain Today

by John Galt
July 5, 2016 05:15 ET

The smart money, as I warned about last week, is ignoring the so-called low volume rally and fleeing to safety. Need proof?

Check these two charts out:


If the US 10 Year breaks below the 1.35% yield, odds are it will fly down to 1.25% then on to a flat 1% yield. Regardless of what the bubbleheads say on financial television this will be a massive shift of billions of dollars out of potential investment pools for equities which will further squeeze a somewhat illiquid global market even more in the weeks ahead.d

Then again, there is the German 10 Year Bund:


Just wow.

Watch out for the insanity and trade safely boys and girls, this is going to be a rough week.

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