The Key to Being Aggressive in This Bull Market
Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the U.S. 10-year Treasury yield, which has been reliably negatively correlated with stock prices for the past couple of years. When yields rise, stocks go down, and when yields fall, stocks go up. Since mid-April, Treasury yields have been in a downward channel pattern. This signals that – at least in the near term – we should still be aggressive with our trading. If this trend reverses, we should be more cautious. As I explain in the Insight of the Day, selective aggression is key.
July 9, 2024
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