S&P 500 SINKS: SIX-DAY ROUT EXCEEDS 10% (Pending Home Sales UP 6.7% YoY)

Another day, another -500 point opening on the S&P 500 index.

This time, the S&P 500 index led to a -10% decline over the past 6 days. Ain’t that a kick in the head!

spxyikes

The 10-year Treasury yield has dropped … again … to its lowest point in modern history.

gt10spx

US pending home sales YoY are a recipient of declining 10-year Treasury yields and 30-year mortgage rates.

phsgt10

 

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