As I have mentioned in an earlier post. Yields are something to keep and eye on.
TNX is at .95 and could confirm a double bottom. Higher yields change the entire
market dynamic. Good for banks, strengthens the dollar, weakens precious metals,
bad for home builders ect.
Most importantly it tells us that money is moving out of bonds. This is usually bullish
for the stocks unless it goes up too fast causing debt service concerns.
See previous post below.
TNX is at .95 and could confirm a double bottom. Higher yields change the entire
market dynamic. Good for banks, strengthens the dollar, weakens precious metals,
bad for home builders ect.
Most importantly it tells us that money is moving out of bonds. This is usually bullish
for the stocks unless it goes up too fast causing debt service concerns.
See previous post below.
