One of Mark Twain’s famous quotes is “The reports of my death have been greatly exaggerated.” It is very easy to find people saying the death of the 25-year bond market has already taken place? Has it really?
it’s understandable why stocks are stumbling a bit here (at first pass). BUT, if they follow the same pattern, they may continue to test this rising channel resistance…
Certain price zones for all assets come into play where bulls would not want to see selling get started. Below highlights one of those points for Gold Bulls.
Below takes a long-term look at the yield on the 10-year note (TNX) as well as a look at how large of an increase in rates have taken place over the past 84-weeks