1.Bond Bear??..10 Yr. Breakout ..Long-Term Breakout Above 3%. Highest levels since 2011
10 Year Yield


About 83% of U.S.-listed initial public offerings in 2018’s first three quarters involve companies that lost money in the 12 months leading up to their debut, according to data compiled by University of Florida finance professor Jay Ritter. That is the highest proportion on record, according to Mr. Ritter, an IPO expert whose data goes back to 1980.

IPO Market Has Never Been This Forgiving to Money-Losing Firms
Money-losing companies are going public at a record rate as investors hunger for new issues
https://www.wsj.com/articles/red-ink-floods-ipo-market-1538388000?tesla=y

And analysts are turning a bit more cautious on corporate profits. This chart shows Bloomberg’s consensus estimate of the S&P 500 earnings per share for the next twelve months.
