Weird Chart Signals More Gains Ahead?
Hey, it’s Ross Givens here with the Chart of the Day. Examining the 10-year Treasury yield this week reveals a notable departure from its typical negative correlation with the stock market. Powell’s words at the Fed meeting triggered a stock decline, but the yield surprisingly fell about 10 basis points, hinting at potential signals for a significant upward market move once the Fed’s message is fully digested. Stay tuned for insights on navigating this unique market dynamic in today’s full article.