General market warning
Heads up for those who are long US stocks. Interest rates are rising very quickly, look at the 10yr and 30yr yield. It has been causing weakness the last few days as some may have noticed, but i fear this may continue until we get a full blown pullback. It may be time to consider hedging/raising cash.
the elephants in the room. How does gov’t bring these down? can they? Is it the cash from stock market going into bonds that make these rise, I dunno some days…
Stateside, I now have SRS and DRV, as well as SDP, in fresh bull mkts. Five waves up, with LT indicators having flipped.
(Short CRE, Utes) They are due for pullbacks, before they resume higher.
Decent chance the 35yr bond mkt bull has topped.