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