Calendar — The Funds’ New Year and the Midterms: a Fresh Start?

One signal to define the week and shape the month. Three minutes, six questions.

0 · Last week, scored

Verdict: both gaps held, the ten-year closed the week under 5.0%, and the long bond rose against a Fed that sounded hawkish.

Last Sunday’s signal was the long bond: two gaps higher off the October low, both still open, with a trade under 80.47 named as the first sign of trouble. The week’s lowest trade in TLT was 80.73 — both gaps st…