There’s a common belief that the bond market leads price action in equities. If this is true then the recent divergence in the 10-year yield isn’t looking good for stocks.
Here’s a piece of my TraderPlanet article this week:
Last week bulls did their best to regain the prior set highs, and they almost accomplished their goal as we finished the week just under 1520. This is great; however, Treasury yields did not have the same type of recovery. As the chart shows bond yields continued to decline, putting in a lower low while stocks were attempting to rebound.
Click over to read the rest: Bond Yield Divergence Worries Equity Bulls (TraderPlanet)
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