Treasury yields fell through the key support level of 1.70 percent as investors, seeking a safe haven, flowed into bonds. Declining 63-day Twiggs Momentum warns of further easing.
* Target calculation: 1.70 – ( 2.40 – 1.70 ) = 1.0
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.