Treasury Yields

Crater!

10 year Treasury bonds now trading under 1.00%!

As of 3/6/20

0.74%!

DYI:  My sentiment indicator has changed.  Stocks moved down from Max-Optimism to Denial of Problem AND Long Term Bonds are pushed up from Denial of Problem to Max-Optimism.

Plus Money market funds from Depression to Max-Pessimism AND gold moved up from Hope to Relief.

Market Sentiment

Smart Money- Buys aggressively!
Capitulation
Despondency
Max-Pessimism Short Term Bonds & MMF
Depression
Hope
Relief *Market returns to Mean* Gold

Smart Money - Buys the Dips!
Optimism
Media Attention
Enthusiasm

Smart Money - Sells the Rallies!
Thrill
Greed
Delusional
Max-Optimism - Long Term Bonds
Denial of Problem - Stocks
Anxiety
Fear
Desperation

Smart Money - Buys Aggressively!
Capitulation

Till Next Time

DYI