Nearing Significant Shift In The Bond Market

Commentary No. 358: February CPI, PPI, Production, Housing Starts, Real Retail Sales, Real M3

- Economy Slumps Anew as Inflation Soars
- Fed’s Dollar Debasement Efforts Begin to Yield Their Poisoned Fruit
- February Annual Consumer Inflation: 2.1% (CPI-U), 2.3% (CPI-W), 9.6% (SGS)
- Housing Starts Fall Back to Post-World War II Historic Low

From Jim

While buying programs and infinite liquidity may be attempting to place a floor under bonds, they are not bigger than the forces driving the market. Capital not only anticipates but it also "sees" subtle changes in the secular trend. Very few Internet contributors realize, one being Jim and its contributors, how close we are to witnessing a significant change in the bond market’s nominal secular trend.

Long-Term U.S. Government Bonds Total Return Index (LTGBTRI) and Z Scores from Primary Trend (48 Month)