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Long-Term yields remain inside of a very uniform falling channel, continuing a series of “lower highs.”  The 10-year continues to create a series of “lower highs” as well, bringing yields down to a level/support line (1)  that has been pretty key per the direction of stocks the past couple of years.

What happens at line (1) has been a good clue per the short-term direction of stocks the past couple of years…Keep a close eye on the 10-year yield since since the “Global Markets are doing a high wire act” right now! (see post here).