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Global bond yield rout continues with Bunds, TNX hitting new multi-week lows

A mixed US equities market, while Europe is fractionally higher with Italy, Spain leading by 1%.. small gains in Treasuries with Europe's Bund yields dropping now under late July lows of -.122 bps which should cause further weakness on a close-  Mixed market in Asia, but important to note the breakouts of late in RUSSIA (RSX),  Korea (EWY) with very good strength also in Taiwan (EWT) to join recent Chinese gains (FXI) and HSCEI breakouts..  Trend in Japan's NKY has been positive though with strong overhead resistance near 17500 which should limit gains here-Important to note that NASDAQ has surged back to new high territory as of yesterday's close, and while this had shown some evidence two weeks ago that prices might stall vs SPX.. recent gains suggest further upward progress in NASDAQ into next week-  Sector-wise, its right to still Favor technology, with DELL/EMC deal closes and big AAPL event as this remains the best performing sector and should still lead-  Financials have shown evidence of turning down though, so with Fins weakness along with Discretionary and healthcare.. we'll need to see Energy, Industrials pick up speed to help market power higher-  Despite some selectivity though, market remains set to grind back to new highs with SPX to exceed 2200, and 2189-91 being initially important, while 2176-7 as an area to buy dips-  RTRX, AAOI, WDC, NAVB, VRX early gainers, while on downside- HDS, SMLP, CTLT, AMD, OLN and OLLI-  Let me know if you have questions

TNX had attempted to breakout on 8/26 with its close up near 1.63%.  While Bund yields had stabilized somewhat and JGBs had already rocketed higher (yields), most of the world had not.  Now we see bonds surging again globally with movement in yields to multi-day and multi-week lows across the globe.  this "SHOULD" be beneficial to Utilities which had begun to stabilize, but a possible negative to Financials which had advanced, as yields initially rose from late June