10-Year Yields Near 5%

Follow @MrTopStep on Twitter and please share if you find our work valuable!

Our View

Today is the 36th anniversary of the Black Monday, October 19th stock market crash. The attack on the Gaza hospital caused worldwide condemnation and we think the Israeli military incursion is going to cause the war to expand.

This weekend is going to be pivotal and we also think we will continue to see more risk-off type trade. Yes, the earnings have been good, but the Gaza war is overshadowing the good news.

Like I said earlier this week, I’m keeping things short right now. Keep an eye on yields, as the 10-year approaches 5%.