With the Labor Day weekend now in the history books it’s time to begin the shortened trading week. Below are a few charts to help get a sense of where US markets are and where they are headed.
Also note the EUR/USD appears to be finally breaking down while the 10 year treasury just hit a 60 year low at 1.92%. Those who say the 10 year is all a fear trade reflecting the risk aversion in the market are simply wrong. Part of this move in the 10 year is the simple reality that global growth warrants such low