Looking for Market Signs of Gov't Shutdown Stress

Shutdown in stride, but dig ieper and you find some signs of stress, time for insight and action.

Look at this, right away we are talking about the 30 ---year-old t-bill.

Look at what happened -- 30- year-old t-bill.

Look at what happened.

Mike pointed this out this morning.

You would expect that people would go into these bills as a safe place, right?

And if no one in the government is there to make sure that they get money back on time, you might not want to necessarily buy the paper.

That is why the yield is up.

This comes as no surprise to anyone watching the dollar over the past three months.

Look at that, steady erosion, an index of the dollar against a basket of six other currencies.

What is happening?

Let me tell you what the pros are saying this morning.

Dollar weakness linked to macro development is certainly the case.

Citibank says here is why.

Dual threat of u.s. shutdown and the italian collapse, which we survived, but the fact is that is all contributing to swiss franc strength.

Forget the dollar, forget the euro, forget these other places.

The swiss franc has been trading very strong, trading in terms of the number of swiss francs per dollar.

The dollar buys fewer swiss francs than it did back in july.

I remind you, trish, viewers, back in 2011 when we had the downgrade?

This went down to 70. there is certainly room to run and the trend speaks for itself.

You have discovered one safe haven, but it is day number two