• 1,097 days Will The ECB Continue To Hike Rates?
  • 1,098 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,099 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,499 days Could Crypto Overtake Traditional Investment?
  • 1,504 days Americans Still Quitting Jobs At Record Pace
  • 1,506 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,509 days Is The Dollar Too Strong?
  • 1,509 days Big Tech Disappoints Investors on Earnings Calls
  • 1,510 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,512 days China Is Quietly Trying To Distance Itself From Russia
  • 1,512 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,516 days Crypto Investors Won Big In 2021
  • 1,516 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,517 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,519 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,520 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,523 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,524 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,524 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,526 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  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