market observations

Stocks caught a bid, with the S&P 500 extending its gain for the week to 1.8% so far.  Treasury yields ticked lower across the curve, and a stronger greenback pushed the Dollar Index back above 90 as today’s steel and aluminium tariff announcement featured exemptions for Canada and Mexico, as well as the possibility of other countries also getting a waiver. 

$change must begin with reprogramming of the mind$

The S&P 500 closed 6.66% away from the highs yesterday. After today is it 10.2% away and officially in a correction. February 2016 was last time it was in a correction. This is the first time in history the S&P 500 went from a new all-time high to 10% correction in 9 days or less.

Could another bounce in the price of Uncle Sam’s debts be in the cards?

 continuous contract, last 10 years

March T-Bond Futures