10Y Bond Yield Bottomed?
Every time I'm in doubt, I zoom out. The 10 year yield has been Consolidating in a channel for a while and it broke down and now is back in the channel. This is telling me rates may run up to at least the top of the channel around 3%. This will put pressure on the tech sector and high growth stocks. I believe the best place to be in this markets, is either out or the energy sector, the financial sector (banks) and consumer non-durables. I hope some of you see this and get on the right side. Good Luck!
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