Hello,

the Rebel Capitals, hope you're well.

So my goodness gracious,

we talked about the Treasury market yesterday,

how it was in rapid decline.

I'm talking about yields and what that means for the overall economy.

And today we see it's getting even worse.

Rates on the 10-year yield once again have plummeted and the two year yield is now following and if

we look at history we can see usually the Fed follows the two year Treasury yield Now what's crazy is we had a GDP report today

that blew out the numbers of 5% or 5.2% whatever it was. So we have to understand that the GDP print or the GDP numbers,

those are lagging indicators.

What the bond market is doing,

it's not telling us what happened in the past. It's telling us what's likely to happen in the future.

So let's get into a few different articles, a few different charts. We got Bill Ackman, everyone's favorite chiming in, and what we got let's see what these markets these

yields are telling us so let's first and foremost go over to the 10-year

Treasury yield let's look at a chart and for those of you who were on yesterday's live stream you know that it was big news because it crashed below 4.4%.

What do we have today? Now it's not below 4.4. It's below 4.3. And you say, oh, George, that's not that big of a deal.

Look, a move of 10 basis points daily on the 10 years. That is a big deal,

especially when the Fed isn't doing anything to interest rates. You say, George,

Wild, this is great news. This is great news because this is the market predicting that the Fed is going to be able to lower rates because they've beat inflation.

And this is going to lead to an economic boom, the stock market is going to skyrocket.

This is just, this is incredible.

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