Trading Desk Notes: Latest Bond Rally-What’s Behind It, Plus Gold And Commodities – Investing.com
- Date: 13-Jun-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Trading Desk Notes: Latest Bond Rally-What’s Behind It, Plus Gold And Commodities – Investing.com
No market exists in splendid isolation. When any market moves, it impacts other markets—to some degree. When several markets reverse direction simultaneously, I call that a Key Turn Date (KTD) and see that as a powerful market signal. The power of the “signal” increases with the size of the markets that turn and the “drama” of the turn—a “V” shaped turn being more powerful than a “U” shaped turn.
The bond market and the currency market each registered a powerful KTD at the end of March/beginning of April.
US 10 Yr Treasury Note Daily Chart