Wild Times
The charts are saying up we go.
6% and even 7.5% are potential targets.
Equities better watch out, especially those with bad debt.
Over the last 30-40 years, the U.S. economy has escaped severe drawdowns and crisis mainly due to cyclical refinancing periods.
Most companies survived prior recession by refinancing their debt and expanding, but this time those companies may just go bust, and have their values decline to such a ridiculous level that other companies that survive will buy for a fire-sale.
If this holds and we do go toward 6-7%, this is very bad news long term. This would mean the refinancing cycle has ended and we are indeed in a long term bullish trend for the next 3-5 years at least.
A daily close above 4.30 will confirm the continuation of the bull trend.
A daily close below 4.10 would confirm a downtrend, but there is currently no evidence for this.