Watch the All-Important "Taylor Swift Indicator"!
- Today’s record setting 10-year auction might (repeat, might) have an important impact on the outlook for long-term bond yields…which are close to confirming a change in trend.
- The bank ETF’s have failed badly at their key resistance levels. Therefore, whether NYCB’s problems spread to others soon could/should play a key role in determining whether the bank sector will continue to be a tailwind for the economy/market…or shift into a headwind.
- No, there is no “Taylor Swift Indicator” indicator for the stock market right now. However, we’re thinking they’ll definitely come up with one after the Super Bowl game on Sunday!.....The entire world seems to revolve around Ms. Swift right now, so it’s a pretty good bet that she’ll either get the credit or the blame for the outcome of that game…and thus everything else in the world!