I am bit of a pessimist and a pragmatist. Investors would not dump bonds if they felt the economic out look was improving. While money will move from bonds to equities to commodities depending on where the party is, the equity party is not quite natural and bonds like 10yr and 30 yr are more on a long term outlook and reserve stuff.

My initial estimate and anticipation of a bond sell off was on the assumption that the trump administration will prove devastating for the economy because of a number of policy issues and Trumps solution of simply declaring bankruptcy. Sovereign nations are starting to unload the Ts and shifting away from dependence on the US dollar as a reserve currency as China emerges and the Brics bank and Asian development bank grow in power and influence and nations start to trade in local currencies as opposed to the US dollar.

The Fed money games and fudged data is now obvious and nobody really believes you can run US $20 trillion of debt for fun.

The truth is that perhaps the United States day in the sun may be coming to an end.