I think a lot of people have been held in a holding pattern by this saw tooth pattern, thinking it is just a consolidation before lower interest rates. Yet the yield continues to curve upward. So is that a bottom or is it not? If it is, ya better be on the right side of it, because one side is benign and the other can kill you. Come to think of it, in the less favored event it isn't you'll get just as well killed if you're on the wrong side of that way too.
Don't you just love the markets?