chart review as the 10 year breaches 1.7%

The most important chart of the week belongs to the 10 year treasury yield as it breached 1.7%. The overall effect of these new interim highs, and the considerable loss in bond values, has been the end of the recent bounce in equities for the most part. Thus we are once again at critical levels…

something is off

If the drop to week lows on Monday was due to the yield on 10 year treasuries rising above 1.5%, and the subsequent bounce on Tuesday and the rest of the week was due to a pause in that move, why are most bubble stocks at today's close higher compared to where they were Monday…