Qualitatively, US Debt was grossly oversold and ‘the smartest’ money has been buying US debt over the last 12-13 days with the trend line established from TNX peak interest rates (about 5.36% on 7 Oct 2026).
Quantitatively, within the counterbalancing cyclical asset-debt macroeconomic system, US interest rates reached their time-based fractal peak. The US hegemonic asset-debt macroeconomic system reached a SPX equity peak valuation on 6 October 2026 at 7844.52 and is undergoing an initial crash decay which will nadir 8 December 2026 and which will undergo a further decay to the 1300-1430 level in 2027.
From the SPX peak valuation on 6 October 2026, exiting money has entered the debt market driving interest rates lower since 7 Oct 2026. The 82-84 % collapse in the SPX peak to nadir will drive interest rates on US sovereign debt much lower. Oil valuations will peak during the SPX 8 December 2026 nadiring, but will moderate thereafter, through demand destruction (and likely eventual US military departure from theater.)