Abby Cohen of Goldman was out with the 4.30% 10yr cash yield by the end of the year, curve would be massively inverted under that scenario. Look out, Goldman is getting short into their buy recommendation, big surprise there. They called 1325 in Spooz last time around and we preceded to tank back below 1300.
Abby talks and Goldman's traders fade HER? Funny! Everyone has had the SPX several times over now from 1310 right up to 1318 cash. In fact, it looks to be in a diagonal triangle there. Another trip back to 1300 and it won't be seeing 1316 for quite a while. Looks like the potential is here for a massive short covering rally. thx...
M3 money supply is running at about 8% growth y/y and a multiyear look at the dollar index and you're getting butchered by devaluation..... hell, the 10 year should be near 15% come to think of it..... all told by the price of gold, the purest of the pure............