 Let's jump over to our man, Teddy Kegstad. Folks, you can read Teddy's Tiger Forex Report every Monday. He puts out new issues Monday morning. You can also, okay, come on over to the services tab. And Teddy did an outstanding webinar recently on candlestick patterns. You can purchase that for $97, folks. It's not a recurring subscription. Great 60 minute webinar with Teddy talking about some candlesticks. And yeah, we got Yields rocking, man. Teddy Kegstad, good morning. Good morning, Tommy. Boy, so let's kick it off with Yields. What do you think of the action, man? We had the 10-year spiking, almost recent highs. What do you think of the action as we got higher yields coming into Jackson Hole this Friday, Teddy? Well, you know, Monday we set a nice low in the 10-year and the bonds. And yesterday we had a little bit of a, actually a nice little pullback. And I think today the follow-through we have a nice profit-taking rally going on. So Yields are pulling back right now. I wouldn't read into it too much, you know. I mean, especially when you look at the slope of the trend going down right now for the 10-year and the 30-year. Do you think this, I mean, there's a lot of course, you know, talking heads, myself included, everyone. A lot of discussion, of course, about where we go for rates, right? Is there a new normalization kind of of the inflation that we might be accepting going forward? Maybe that contributes to a higher interest rate going forward. Big picture, Teddy. Where do you kind of see these rates? And I'm asking you the million dollar, billion dollar question, man. But we're at some lofty levels right now. And it seems like we're getting a little bit of a repricing here for higher rates. I know you've been talking about higher. But where do you see potentially, because we're at what, 4.3, 4.35? We're pushing yesterday on the 10-year. Is there a level that you're looking for those? Maybe as we continue, or where do you see things as we go three, six months down the line? I know that's really far, man. And we got a lot to go on. But big picture, do you try and envision that? Are we at some levels? I know you're always putting out levels to your subscribers in the Tiger Forex report. Where do you see kind of the risk reward of these types of trades as we're pushing some pretty lofty levels on a yield at recent highs? That's a great question. I actually went on a golf trip this weekend with somebody from Merrill Lynch and also someone from a big real estate firm. They asked the same question, where do I see yields really going to? And I told them honestly, I think that by Easter, if you look at where they're at right now, over the next, I would say seven to eight months, that probably yields are gonna be every bit of about one to one and a quarter percent higher. Now, the reason I say that is that we've been in fantasy land at zero percent for a very, very long time. If we're gonna have any type of economic stability ever, again, we need to have, right now, this should be like the floor for rates. It's just a reality. I mean, when I was a child, I mean, mortgages were going off. I mean, there was a high point at 18, 19 percent, it was ridiculous, but for eight to 12 percent was normal for people with good credit and that's also for market stability. The fact that we're at the levels right now is causing all this instability and it's one of the reasons why we have the problems we have right now. It's also the reason why we have such a high debt load. You know what's nice? The higher our rates go and with the downgrades that are going for our treasury bonds, you know what that means? Our credit ability to run up a tab is decreasing. Overall, that is a good thing because we cannot keep doing what we're doing. It's a fundamental economic reality that, you know, we're starting to pay the price and we're gonna have to for a long time. So I mean, we can go back and push them down back to zero but all we're gonna do is make problems, you know, much, much worse in the long run. Yeah, I think we all learned if you had an economics class folks in high school or in college that you either consume or you save, right Teddy? And usually if you save, you're supposed to be able to consume more in the future by saving. And always interesting when we start to get negative interest rates how I wonder what teachers were doing there in that time when they were teaching the consume and save lesson. And meanwhile, somebody said, well, what happens when you get negative interest rates? They said, well, you save and then you get less in the future. Say, what happens there? I know. So yields, what do you think about the dollar Teddy? If let's just say that we do get that scenario play out which is totally plausible. Man, I agree with a lot of what you say, we're at a different time, 0% not coming back. Where do you see that hitting the dollar? As right now a dollar index 103.60 about right now chopping around a bit compared to the move we've had in yields. What do you see that doing potentially the dollar if that's where things play out? Well, it's definitely strong. It's bullish for the dollar. Now, I wouldn't say that it's gonna make the dollar trending an extreme way over the next eight months. I think you're gonna have a lot of divergence in markets a day like today is actually a perfect way to look at it. We have yields that have come back over the past 24 hours trending nicely. And we have, look at the euro, US dollars making new lows today, the pound dollars making new lows. The US dollar Swiss isn't going anywhere. The US dollar yen, it's getting kind of toppy but that's the one that's actually technically trading proper today because yields are going down, oils also down. The US dollar yen should actually come back. And that's what it's doing. The other currencies where there's all kinds of dollar strength, I think it's a lot more because of the fundamentals that are going on over there. The EU's economy is collapsing. I mean, like they're not looking good for the next two quarters, there is no up tick up. There's no forecast that even remotely makes things look good. Their economy is strained. And the conflict that's going on in the Ukraine is only going to keep on deteriorating that situation. And especially once, if we get Poland starts to get involved with this, NATO is going to escalate things. This is not going to help the European economy whatsoever. And then you have the UK also that's in a really similar shape too, their economy is imploding also. So I think that it doesn't yields don't impact those two currencies right now. And they're the biggest weight in the dollar index. So the dollar index maybe artificially held up over the course of the next eight months because of those currencies themselves because I don't think their central banks can really do things just to help them out so much because it's not going to change the fact that, I mean, you have two quarters now of the industrial complex of Germany just collapsing. I mean, and that's not, look, there's no forecast that things are going to get better over the next two to three quarters. And if that does trend continues, the euro US dollar is going to be under pressure. I mean, I can't see how the euro US dollar wouldn't be at parity by Christmas time, the Easter time, if that really pans out. I know it sounds wild at parity when we were just at 12, but boy, we were just at parity less than a year ago, man. Things are crazy. How about crude? Everyone always wants to talk crude, man. I spilled my car up, it was 70 bucks for the first time in a while and things are easing a bit. Even as I talked to you, man, we're getting quite a little drop off right now as we got some action. We got a 77 handle in the price of crude. What do you think of the action in crude as we're getting a little bit of a reprieve from the recent highs? Well, in the Tiger 4 support, those people know that two weeks ago we had a sell signal and now we're actually down below our downside breakout level and we're close to our target, we're $2 away. I think oil can get down to around 76 something in the futures, in the front month futures, sometime over the next couple of days possibly, definitely next week as we head into the Labor Day holiday. And then I think it's gonna kind of go sideways for a little bit. I don't see, I think that oil probably is setting a higher floor and that's what we're gonna seek that out over the next couple of weeks and then probably get a bounce and then start going sideways. I don't see, overall, I'm still bullish to market. I don't see any fundamental reason why things would go lower, especially after I was just in Michigan and I found out how they're enforcing people with wells to cap their wells there. Most people don't know that they drill oil in Michigan but they do. And the government, the actually the state is now mandating that people cap their wells. So that's a big deal, you know, if that continues there I know no one thinks about Michigan but that's also more production that's gonna be in our country, it's gonna decrease. Teddy, I appreciate it as always, man. Have yourself a great weekend and we'll talk to you next week, brother. Take care. Take care. Folks, stay tuned, we'll be right back.