Left for the Liverpool Capital. So up your well. So we have interest rates plummeting.

Now, most people might think that's good news. But unfortunately, they are very, very wrong.

That's actually bad news to say the least, extremely, extremely bearish. Not only for the economy,

but it could be bearish for the stock market.

Let's go into exactly what's happening and connect the dots.

So first and foremost, we hear this narrative constantly that there's no demand for

treasuries, that interest rates are skyrocketing.

And this narrative is

completely removed from reality. Let me show you what I'm referring to. We're going to start with

the 10-year treasury and I had a year-to-date chart. Let's look at a year-to-date chart.

Now, if I hid this from you and said, what do you think the 10-year

treasury has done this year? You'd probably say based on what you hear in social media,

that it's up like 100 basis points or maybe more, when in reality, it's down. In fact,

at one point, I think this might be, you know, this is probably like a daily weekly chart.

I think intraday, it almost got up to 5%.

Almost got up to 5%.

So we've gone from, let's say, 5% all the way down to 4.4 we are today.

So that's a drop of, let's say, 95 basis points, 96 basis points. So it's not up by 100

basis points. It's down by almost 100 basis points. And what's even more kind of frightening is what

it has done more recently. So we go to the last month and we see this big drop here, which doesn't look that bad on the chart, but this was a call it 25 basis point drop within a matter of a couple days.

Now, you guys know why this happened.

It's not because the deficits decreased.

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