Currently: Long Looking to: Sell @ 142
As of 7/10/20 close: 139.219
LAST WEEK: We suggested buying dips to 138.21 with a target of 142 for selling longs / getting short.
UPDATE: Treasury futures (10-yr) inched higher this past week despite parts of the equity market hitting new all-time highs. This signals to us that the Feds are doing what they have to in order to keep rates low while propping up equities. This will likely go on as long as Trump feels he has a chance to win in November. If he senses he has no chance, he may well tell his market-masters to unleash hell (stopping the levitation act that has been in progress for risk assets). We would hold longs until 142 and then would get short there with a target of 138.25.