• We are getting some serious signals that are telling us that an important change in trend for long-term bond yields has been confirmed.  These yields might not be “higher-for longer,” BUT they sure look like they’re going to stay “HIGH for longer!”
  • After a successful test of its “old resistance/new support” level, WTI is making another “higher-high.”  Crude oil is starting to get a little overbought near-term, but this development is VERY bullish for the commodity on an intermediate/longer-term basis.  
  • Bitcoin is seeing some significant weakness this morning…which is not a big surprise given its recent (huge) rally.  However, if it breaks below $63,500 in a meaningful way, it could/should be headed for the low $50k’s over the near term. 
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