The Euro and the Euro in the Intermarket Relationship

I generally agree with you that we're not going back to where yields were pre-COVID. But I don't know if I want to get so bullish on bonds looking for another major rip. It's very hard to feel good about being bullish the dollar, but at least they're draining liquidity too and they're doing it really fast. The euro is just looking at it. It looks to me like it's putting in a bit of a head and shoulders top.