CLICK ON CHART TO ENLARGE

The record breaking decline in interest rates has caused two events to take place.  A bullish falling wedge in yields and our Sector/Sentiment Update is reflecting that 77% of investors are bullish on bonds (see where have the bond bears gone post)

Falling wedges reflect a two-thirds chance that a product will move higher. 

Doug Short shared in a post this past weekend, that the potential for higher rates is possible because wall street strategist were very bullish on bonds, suggesting the highest exposure to bonds in the past 15 years! (see post here) 

Why didn’t they suggest this huge exposure to bonds, before rates hit their lowest levels in decades???

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past