This post was originally published on this site.The last few days have clearly belonged to the sellers, who have continued to push the USDCAD lower and maintain the strongest technical hand (see prior posts and videos HERE and HERE). On Friday, I highlighted the increasingly important support developing below the market: The low today reached 1.3868, briefly moving below the bottom of a swing area between 1.38683 and 1.3877. However, the decline has so far stalled ahead of two increasingly important downside targets: a channel trendline near 1.3859 and the 200-day moving average at 1.3852. That 200-day moving average is...

This post was originally published on this site.There is a decent argument that if the Fed remains asleep at the wheel and the AI boom continues for another year, we could inch down the capital stack a tad and get high-quality bonds or notes paying +7%, maybe more. Once you get to those levels, the pull towards bonds and away from equities is a powerful thing, especially in an aging demographic. Now at the same time, everyone is drunk on equity market gains and 7% sounds like two days of holiding Micron stock but it’s a number that really compounds....