Chart of the Week – $TNX – (10-YR Note)

This is my Chart of the week. The 10 Year Note that reflects the 3 DECADE long downtrend in yields. “The TREND IS YOUR FRIEND until it ends”. If I had a nickel for every time Stock market bulls have told me that since 2008. Blah blah. (Disclaimer: I go both ways Bull and Bear so this is not Permabear venting)

Anyways, back to the chart. This down trend in yields reflects the 30 year bond bull market. Perma bulls always talk about the 8 year trend in SPX, so why are those so easily dismissive of the THIRTY YEAR DOWNTREND IN YIELDS. This trend is over 2 decades older that the current SPX bull market.

So, I am not sure when this breaks, but I know that you will have time to jump on when this breaks clean. However, I DO NOT believe that this breaks now and that is why $TLT is going to rip higher. 

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