• 909 days Will The ECB Continue To Hike Rates?
  • 909 days Forbes: Aramco Remains Largest Company In The Middle East
  • 911 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,311 days Could Crypto Overtake Traditional Investment?
  • 1,315 days Americans Still Quitting Jobs At Record Pace
  • 1,317 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,320 days Is The Dollar Too Strong?
  • 1,321 days Big Tech Disappoints Investors on Earnings Calls
  • 1,322 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,323 days China Is Quietly Trying To Distance Itself From Russia
  • 1,324 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,328 days Crypto Investors Won Big In 2021
  • 1,328 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,329 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,331 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,331 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,335 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,335 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,336 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,338 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Is Bernanke Losing Control?

We all know the talk ... Bernanke has a mission to keep long term interest and mortgage rates low. And, low mortgage rates will be good for housing and the economy.

But ... is Bernanke getting into trouble relative to his ability to keep rates low?

Take a look at today's chart which show's the 30 year yields (Symbol:TYX) . The TYX bottomed in July of this year and it has actually been up trending since then.

What was significant (this past Wednesday), was that the TYX not only moved above the resistance of its triangular formation ... it gapped above it. When a pattern exhibits a gap above its resistance, it usually means there is a strong bias behind it. And that means, that Bernanke is in trouble now.

TYX - Hourly View Chart

 

Back to homepage

Leave a comment

Leave a comment