The Only Chart You Need Right Now (The Cestrian Circle Newsletter)

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Analysis by Alex King, CEO, Cestrian Capital Research, Inc.

If the 10yr yield continues to fall, equities should rise; if it pushes on upwards I am sure equities will fall. Sometimes we can reduce securities analysis to a very simple regime and at present I think it’s all about yields. Because yields falling are a good indicator of liquidity coming into the system, and since everyone is a degenerate now, that liquidity will be deployed into risk assets.

And with that in mind - let’s get to work. Below we walk through the S&P, the Nasdaq, key sectors, crypto, oil, gold and, of course, bonds.