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BULLS hammering away at Resistance Zone - will fail


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#21 Data

Data

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Posted 15 March 2019 - 08:51 AM

Wow actual volatility with nothing being said, whats the deal anyone hear anything?

After the debt ceiling was imposed, the Treasury paid down 30 billion dollars in debt.   That was the main reason for the big jump.  With the debt ceiling law in suspended state, there is no net new supply of treasuries.  Essentially, there is no net new supply across the EU, Japan, and the US with QE and debt ceiling suspension for the next several months.  Generally, equity markets will rise under those conditions.