This Signals More Stock Gains Ahead
Hey, it’s Ross Givens here with the Chart of the Day. This chart shows the correlation between the price of crude oil and the US 10-year Treasury yield. As the chart highlights, they’re strongly correlated. Right now, crude oil prices are dipping heavily, which suggests yields will follow. Since yields are inversely correlated to stocks, falling yields likely mean rising stocks. This is something we can definitely take advantage of. I explain how in the Insight of the Day.