Black Monday! 10Y Treasury UP 11 BPS, S&P 500 E-Mini DOWN -2.5% (Mortgage Rate Rises To 5.78%, Bitcoin Keeps Dropping)

Black Monday!

Off to bad start this week. The 10-year Treasury yield rose 11 basis points at 8am EST while the S&P 500 E-mini futures are down -2.5%.

And then we have this scary chart of mortgage rates. Bankrate’s 30-year mortgage rate is now up to 5.78%.

And then we have Bitcoin. Bitcoin is struggling as The Fed tightens the noose on the US economy with expected Fed rate hikes and a rising US Dollar.

I’ve got a whole lotta anxiety over this week.

The dynamic duo.