Not sure this is THEE bottom for rates but I think they could have a good bounce from here cause I think stocks are ready to have a strong bounce….from Wolanchuks blog today=
Wow! The CNN fear/greed index went DOWN from 19 to 17 this AM. Now that is insane. It will no doubt adjust and end up up for the day but this dip early in the AM shows how negative the sentiment got. AMD , my main holding, is rocketing. A good sign for the overall market since it was a rocketship when the market was strong
https://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL
Because they are still trying to sell the rally. Have a look at the P/C ratio.
Of course, this is even more contrarian bullish over the next few days.
dow up 286 but the sp500 up the equivalent of 400 dow pts [WOLLIE]
Russell 2000 up more than that.